American CuMo Files 5,156,250-share private placement

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF)  announced the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
As quoted in the press release:

Number of shares:5,156,250 shares Purchase price:eight cents per share Warrants:5,156,250 share purchase warrants to purchase 5,156,250 shares Warrant initial exercise price:15 cents Warrant term to expiry:five years (The warrants are subject to an accelerated exercise provision in the event the company’s shares trade at 17.5 cents or above for 10 consecutive trading days.)

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