Tosca Mining Corporation Announces a Non-Brokered Private Placement
October 29 2013 - 3:30PM
Business Wire
Tosca Mining Corporation (TSQ.V; FSE:TQ4) has arranged a
non-brokered private placement offering of up to 6 million units at
a price of five cents per unit for gross proceeds of up to
$300,000. Under the terms of the offering, each unit will consist
of one common share in the capital of the company and one
non-transferable common share purchase warrant. Each warrant will
entitle the holder to purchase one additional share of the company
for a period of two years from the date of issue, at a price of
$.075 in year one and $.10 in year two. Finders' fees may be
payable. The private placement and finders' fees are subject to
regulatory approval.
Proceeds from the placement will be utilized for initial work on
its recently optioned Carol Copper Project located in Sonora,
Mexico and for general working capital.
On behalf of the Board of Directors,“Ron Shenton”
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.Statements in this press release, other
than purely historical information, including statements relating
to the Company's future plans and objectives or expected results,
may include forward-looking statements. Forward-looking statements
are based on numerous assumptions and are subject to all of the
risks and uncertainties inherent in resource exploration and
development. As a result, actual results may vary materially from
those described in the forward-looking statements.
www.toscamining.com
Tosca Mining CorporationRon Shenton, 604-687-6562
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