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Non-Brokered Private Placement Announced by Search Minerals
May. 29, 2012 03:20PM PST
Rare Earth InvestingA non-brokered private placement financing was announced by Search Minerals Inc. (TSXV:SMY). The financing is up to 5,000,000 units at a price of $0.20 per unit for gross proceeds of up to $1,000,000.
A non-brokered private placement financing was announced by Search Minerals Inc. (TSXV:SMY). The financing is up to 5,000,000 units at a price of $0.20 per unit for gross proceeds of up to $1,000,000.
As quoted in the press release:
Each unit is comprised of one common share of the Company and one common share purchase warrant. Each warrant shall be exercisable into one additional common share of the Company for a period of 12 months from closing of the private placement at an exercise price of $0.30.
Click here to read the Search Minerals Inc. (TSXV:SMY) press release
Click here to see the Search Minerals Inc. (TSXV:SMY) profile
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