Nuinsco Completes Two Tranches of Flow-Through Financing

Nuinsco Resources Limited (TSX:NWI) reports the closing of two tranches of a non-brokered private placement financing of 7,391,365 flow-through units.

The press release is quoted as saying,

Each flow-through unit (each, a “Unit”) consists of one common share of the Company and one-half of one warrant (each whole warrant, a “Warrant”), each issued on a “flow-through” basis pursuant to the Income Tax Act (Canada). Each Warrant entitles the holder thereof to purchase one (non-flow-through) common share at an exercise price of $0.20 per share for a period of 24 months.

For the complete press release, click here.