Starcore Closes $2.25 Million Financing
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/12 -- Further to its press release of January 24, 2012, Starcore International Mines Ltd. (TSX: SAM) (the "Company") announces that it has closed its non-brokered financing for gross proceeds of $2,252,500. The financing was in the form of 9,010,000 Units at $0.25 per Unit (a "Unit"), each Unit comprised of one common share of the Company (a "Common Share") and one-half of one transferable share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one common share of the Company at a price of $0.35 to January 30, 2014.
Finders' fees applied in this transaction in the form of cash commissions of $87,150 and 464,800 Agent Warrants, each Warrant entitling the holder to acquire one common share of the Company at a price of $0.25 to January 30, 2013.
All securities issued pursuant to the private placement are subject to a four month hold period to May 31, 2012.
For more information on the Company visit our website at .
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Robert Eadie, President
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
Contacts:
Starcore International Mines Ltd.
Robert Eadie
1-604-602-4935 or Toll Free: 1-866-602-4935
1-604-602-4936 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 31.01.2012 - 18:04 Uhr
Sprache: Deutsch
News-ID 109580
Anzahl Zeichen: 22077
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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