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Mesa Exploration Corp.(TSXV:MSA) announced the closing of its previously announced private placement. The Company closed the private placement of 360,000 units at $0.50 per unit for gross proceeds of $180,000.
As quoted in the press release:
Each whole Warrant entitles the holder thereof to purchase one additional common share in the capital of Mesa at a price of $0.75 per Warrant Share. The Warrants will expire 24 months from the date of issue. The securities issued under the Offering are subject to a four month hold period expiring July 21, 2012.
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