Planet Mining Exploration Closes Non-Brokered Financing

Planet Mining Exploration Inc. (TSXV:PXI) has now closed a non-brokered private placement for gross proceeds of $1,050,000.

As quoted in the press release:

Each unit consist of one common share and one-half of one common share purchase warrant.  Each whole warrant entitles the holder thereof to purchase one additional common share of the Company, for a period 12 months, at a price of $0.25 per common share.

All shares issued pursuant to this private placement, and any shares issued in connection with the exercise of any warrants, if any, will be subject to a four month hold period expiring on January 29, 2013, in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

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