Nevada Clean Magnesium Closes First Tranche of Private Placement

Nevada Clean Magnesium (TSXV:NVM,FWB:M1V) has closed the first tranche of its non-brokered private placement for gross proceeds of $27,500 comprising of 550,000 units at a price of $0.05 per Unit.

As quoted in the press release:

Each Unit is comprised of one common share in the capital of the Company (a “Share”) plus a two year share purchase warrant (a “Warrant). Each Warrant entitles the holder to purchase one common share at a price of $0.10 per share at any time up to 5:00 pm (Vancouver time) on August 27, 2014. All of the securities issued pursuant to this private placement will have a hold period expiring four months and one day after the closing date.

Click here to read the Nevada Clean Magnesium (TSXV:NVM,FWB:M1V) press release
Click here to see the Nevada Clean Magnesium (TSXV:NVM,FWB:M1V) profile