The Conversation (0)
American Cumo Mining Closes Oversubscribed Private Placement
Jun. 10, 2016 11:50AM PST
Base Metals Investing 
American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced that its non-brokered private placement of up to 10,000,000 units at a price of Cdn$0.10 per unit for gross proceeds of up to $1,000,000, announced on May 12, 2016 has been closed and oversubscribed.
American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced that its non-brokered private placement of up to 10,000,000 units at a price of Cdn$0.10 per unit for gross proceeds of up to $1,000,000, announced on May 12, 2016 has been closed and oversubscribed. The Board of Directors approved an increase to the size of the CuMoCo Offering, and the Company has sold a total of 10,241,500 CuMoCo Units for total gross proceeds of $1,024,150.
A portion of the proceeds of the CuMoCo Offering will be applied to reduce the Company’s working capital deficit and the remainder for general corporate purposes.
Connect with American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) to receive an Investor Presentation.