Nortec Minerals Corp. Arranges Non-brokered Private Placement

- May 31st, 2010

Nortec Minerals reports its arrrangement regarding a non-brokered private placement.
Each Unit will consist of one common share of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable to acquire one additional Share for a period of two (2) years from the closing of the Private Placement at an […]

Nortec Minerals reports its arrrangement regarding a non-brokered private placement.

Each Unit will consist of one common share of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable to acquire one additional Share for a period of two (2) years from the closing of the Private Placement at an exercise price of $0.20 per share. In the event that the common shares of the Company trade at a closing price in excess of $0.20 per share for a period of 10 consecutive trading days at any time after four months past the closing date, the Company will accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the Company.

For complete news release, click here.

For Nortec’s company profile, click here.

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