PacificOre Mining Corp. (TSXV:PC,OTCQX:APAFF,FWB:NWN) arranged a private placement for total proceeds of $137,000. Included are up to 1,385,715 units at a price of $0.07 per unit and 500,000 units at a price of $0.08 per unit.
As quoted in the press release:
Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company. 1,385,715 of the warrants are exercisable at $0.14 Cdn. and 500,000 are exercisable at $0.15 Cdn. if exercised within a period of 48 months.