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Colombian Mines (TSXV:CMJ,FWB:X6C) completed an oversubscribed first tranche of the private placement for total gross proceeds of $1,015,000.
As quoted in the press release:
Each Unit consists of one common share and one share purchase warrant (the “Warrants”), exercisable to acquire an additional common share at $0.45 per share for a five year period. The shares, and any shares issued on exercise of the Warrants, are subject to a hold period expiring March 15, 2014.
Click here to read the Colombian Mines (TSXV:CMJ,FWB:X6C) press release
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