Kola Mining Announces $10,000,000 Non-Brokered Private Placement
27 6월 2008 - 11:13PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (OTCBB: KMNFF)(FRANKFURT: C8M) ("The
Company") is pleased to announce a private placement of 33,333,334
units at $0.30 per unit to raise gross proceeds of $10,000,000.
Each unit will consist of a share and one half of a warrant, each
full warrant exercisable to purchase a share for $0.45 for two
years from closing. The proceeds will be used for the development
of the Company's Souker Nickel Project in Russia and for working
capital. The financing is being organized by a private group based
in Moscow, Russia. There will be a finder's fee equal to 5% of the
funds raised payable in cash or in shares. The financing is subject
to regulatory approval.
The Company's Chairman, Cary Pinkowski, says: "This financing
will help enable us to advance our Souker Nickel project, one of
the largest undeveloped nickel sulphide deposits in the world."
To find out more about Kola Mining Corp., please visit the
company website at www.kolamining.com.
On behalf of the Board of Directors of KOLA MINING CORP.
Cary Pinkowski, Chairman of the Board of Directors
The TSX Venture Exchange does not accept responsibility for the
adequacy or the accuracy of this release.
Contacts: Kola Mining Corp. Andrew Fedak (604) 694-1600 Website:
www.kolamining.com
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