Playfair Mining Closes Private Placement

- March 2nd, 2011

Playfair Mining Ltd. (TSXV:PLY) has closed its recently announced, non-brokered, $1.1-million financing through the issuance of 1,091,667 non-flow-through shares and 3,500,000 flow-through shares, all at $0.24 per share under the placement.

Playfair Mining Ltd. (TSXV:PLY) has closed its recently announced, non-brokered, $1.1-million financing through the issuance of 1,091,667 non-flow-through shares and 3,500,000 flow-through shares, all at $0.24 per share under the placement.

As quoted in the press release:

The Company paid aggregate finder’s fees of $25,000, 350,000 common shares (“Finder’s Fee Shares”) and 350,000 broker warrants (the “Broker Warrants”) to the finders in consideration for assisting with the purchase and sale of the Shares. The Shares, Finder’s Fee Shares and Broker Warrants issued pursuant to the private placement are subject to a hold period expiring June 26, 2011.

Click here to read the Playfair Mining Ltd. (TSXV:PLY) press releaseSee this press release on Marketwire
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