Premium Exploration Closes $340,000 Private Placement

Premium Exploration Inc.(TSXV:PEM) announced that it has closed a non-brokered private placement for gross proceeds of $340,000.

As quoted in the press release:

Subscribers received 2,000 bonus units (the “Bonus Units”) for every $1,000 principal amount of Debentures they purchased in the Private Placement. Each Bonus Unit consists of one common share and two common share purchase warrants (each warrant, a “Bonus Warrant”). Each Bonus Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.15 per common share for a period of 24 months from the date of issue.

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