Minco Silver Closes $3,372,975 in a Non-Brokered Private Placement
April 14 2010 - 1:47PM
Marketwired
Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:
MSV) is pleased to announce that it has closed a non-brokered
private placement. The financing placed a total 1,972,500 Units at
a price of $1.71 per Unit for gross proceeds of $3,372,975 (the
"Offering").
Each Unit consists of one (1) common share in the capital of the
Company and one-half of one common share purchase warrant (each
whole common share purchase warrant a "Warrant"). Each Warrant will
entitle the holder to purchase one common share in the capital of
Minco Silver at an exercise price of $2.15 for a period of twelve
(12) months from the closing of the Offering.
The Company will pay a 5% finders' fee in connection with a
portion of the Offering in the amount of $14,748.75 subject to the
Toronto Stock Exchange approval.
The proceeds of the Offering will be used for general corporate
purposes.
About Minco Silver
Minco Silver Corporation (TSX: MSV) is a TSX listed company
focusing on the acquisition and development of silver dominant
projects. The Company owns 90% interest in the world class Fuwan
Silver Deposit, situated along the northeast margin of the highly
prospective Fuwan Silver Belt.
ON BEHALF OF THE BOARD
Dr. Ken Z. Cai, Chairman & CEO
Certain terms or statements made that are not historical facts,
such as anticipated advancement of mineral properties or programs,
productions, sales of assets, exploration plans or results, costs,
prices, performance are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
and involve a number of risks and uncertainties that could cause
actual results to differ materially from those projected,
anticipated, expected or implied. These risks and uncertainties
include, but are not limited to; metals price volatility,
volatility of metals production, project development risks and
ability to raise financing. The Company undertakes no obligation
and has no intention of updating forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for
the accuracy of this news release.
Contacts: Minco Silver Corporation Ute Koessler 1-888-288-8288
or (604) 688-8002 ir@mincosilver.ca www.mincosilver.ca
Minco Silver (TSX:MSV)
Historical Stock Chart
From Dec 2024 to Jan 2025
Minco Silver (TSX:MSV)
Historical Stock Chart
From Jan 2024 to Jan 2025