Trading Symbol: TSX-V: JSP
CALGARY, Oct. 24, 2016 /CNW/ - Jasper Mining Corporation
("Jasper") (TSX-V:JSP) is pleased to announce that it has completed
a non-brokered private placement, as announced on October 17, 2016, and accordingly has issued
400,000 units at $0.05 per unit; for
gross proceeds to the Company of $20,000. Each unit will consist of 1 common
share and 1 common share purchase warrant. The warrants are
at an exercise price of $0.10 and
expire October 19, 2018.
The private placement resulted in the issuance of 400,000 common
shares, and 400,000 share purchase warrants. There was 1
subscriber to the private placement.
This is a non arms length issue at the current market price to 1
insider of Jasper Mining Corporation.
This News Release is being issued in accordance with TSX Venture
Exchange procedure which requires a News Release be made that
discloses the material details of the private placement.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE Jasper Mining Corporation
