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RR1:AU
Rights Issue and Shortfall
Premium Exploration Inc. (TSX VENTURE:PEM) today announced that the company has closed the final tranche of its non-brokered private placement through the issuance of an additional 6,375,000 Units for gross proceeds of $1,275,000. The press release is quoted as saying: Premium closed the initial tranche for gross proceeds of $1,429,000 through the issuance of 7,145,000 …
Premium Exploration Inc. (TSX VENTURE:PEM) today announced that the company has closed the final tranche of its non-brokered private placement through the issuance of an additional 6,375,000 Units for gross proceeds of $1,275,000.
The press release is quoted as saying:
Premium closed the initial tranche for gross proceeds of $1,429,000 through the issuance of 7,145,000 Units (see press release dated October 26th, 2009). Upon completion of the second tranche, Premium will issue an aggregate of 13,520,000 Units for aggregate gross proceeds in the amount of $2,704,000.
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