Normabec Closes $ 1,65 M Non-Brokered Private Placement
03 7월 2008 - 11:18PM
Marketwired
ST-BRUNO, QUEBEC (FRANKFURT: N6M) ("Normabec" or "the Company"),
has closed a non-brokered private placement of 4,714,571 units of
the company at a price of $0.35 per unit for gross proceeds of
$1,650,099.85.
Each unit consists of one common share of the company and
one-half of one common share purchase warrant. Each whole common
share purchase warrant will entitle the holder to purchase one
common share at an exercise price of $0.55 per share, for a period
of 18 months following the date of closing of the private
placement.
In accordance with securities legislation, the common shares and
warrants forming the units, as well as any common shares issued
upon exercise of the warrants prior to November 3, 2008, are
subject to a four month hold period from the closing date.
The proceeds of the placement will be used to advance the Real
de Catorce Silver Project and for general working capital purposes.
The company paid a total of $77,955 in cash to certain registrants
as a finder's fee related to the private placement.
The Corporation would like to correct its press release dated
June 16, 2008 announcing the closing of a Private Placement. The
gross proceeds of the offering were $1,373,100 instead of
$1,390,600 and the Corporation paid commissions totaling $52,905
instead of $53,780.
In other news, the Company granted 400,000 incentive stock
options at an exercise price of $0.40 per share to one employee and
one consultant in accordance with the Corporation's Stock Option
Plan and the policies of the TSX Venture Exchange.
Normabec is a junior mining exploration company with a portfolio
of advanced projects including: the Pitt Gold project in Quebec and
Real de Catorce Silver project in Mexico.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release
Contacts: Normabec Mining Resources Ltd. Robert Ayotte President
450-441-9177 info@normabec.com Louis Morin Director of Investor
Relations 514-591-3988 louis.morin@normabec.com
www.normabec.com
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