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Mindoro Resources Ltd. (CVE:MIO,ASX:MDO) receives CDN$3,374,502 and issues 22,496,681 common shares to the exercise of purchase warrants at $0.15 per share.
Mindoro Resources Ltd. (TSXV:MIO,ASX:MDO) receives CDN$3,374,502 and issues 22,496,681 common shares to the exercise of purchase warrants at $0.15 per share.
The press release is quoted as saying:
The purchase warrants, issued in connection with Mindoro’s March 2010 private placement, were fully exercised and included an aggregate 16,700,000 warrants exercised by institutional shareholders, including Asian Lion Ltd, Lion Selection Group and Acorn Capital Limited managed Microcap Investment Trusts.
Click here to access the entire press release