Eurasian Minerals Inc. (TSXV:EMX,NYSE:EMXX) acquired 8,000,000 units in a non-brokered private placement financing of Iron Creek Capital Corp. (TSXV:IRN) at a price of $0.06 per unit, for total consideration paid of $480,000.
As quoted in the press release:
Each Unit consists of one common share in the capital of Iron Creek (a “Share”) and one-half of a non-transferrable common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase an additional Share at $0.10 until June 10, 2015.
As a result of its participation in this private placement, Eurasian now holds 8,000,000 Shares, representing approximately 15.06% of Iron Creek’s issued and outstanding Shares. All of these 8,000,000 Shares are held directly by Eurasian and are being held for investment purposes.