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International Northair Mines Ltd. (TSXV:INM) announced that Coeur d’Alene Mines (NYSE:CDE) will invest $3 million into the company.
International Northair Mines Ltd. (TSXV:INM) announced that Coeur d’Alene Mines (NYSE:CDE) will invest $3 million into the company.
As quoted in the press release:
Coeur d’Alene has agreed to purchase 10,750,000 Units of Northair at a price of $0.28 per Unit for gross proceeds of $3,010,000. Each Unit shall be comprised of one common share and one half warrant. Each full warrant will entitle the holder to acquire one common share of Northair at a price of $0.40 for a period of 18 months immediately following the closing date.
Northair’s President and CEO, Fred Hewett said:
This significant equity investment by Coeur d’Alene, one of North America’s largest primary silver producers, is a strong technical endorsement of Northair’s La Cigarra Project.
Click here for the International Northair Mines Ltd. (TSXV:INM) press release.
