Matamec Announces a $5,000,000 Private Placement

Matamec Explorations Inc. (TSXV:MAT) announces that it has entered into an agreement with Industrial Alliance Securities Inc. and Versant Partners Inc.
The press release is quoted as saying:

Upon the closing of the Offering, the Agents shall receive a commission paid in cash equal to 7.5% of the proceeds raised from the private placement. In addition, the Agents shall receive non transferable broker warrants exercisable for a period of eighteen (18) months from the date of closing, at an exercise price of $0.40 per share, to acquire such number of common shares as is equal to 6% of the aggregate number of Units and Flow-Through Shares issued pursuant to the Offering.

Click here to access the entire press release