- Inomin Mines (MINES) has announced a non-brokered private placement to raise total gross proceeds of up to $1,000,000
- The offering will include a combination of non-flow-through and flow-through units
- The gross proceeds will be used for work programs on the company’s exploration properties and for general working capital purposes
- Inomin Mines is a Canadian mining company engaged in the acquisition and exploration of mineral properties
- Inomin Mines Inc. (MINE) opened trading at C$0.12 per share
Inomin Mines (MINES) has announced a non-brokered private placement to raise total gross proceeds of up to $1,000,000.
The offering will include a combination of non-flow-through units to be sold at a price of $0.10 per NFT unit and flow-through units to be sold at a price of $0.125 per FT unit.
Each FT and NFT unit will include one common share and one-half of one warrant. Each whole warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.15. The exact number of NFT and FT units to be sold will be determined at closing.
The gross proceeds will be used for work programs on the company’s exploration properties and for general working capital purposes.
Completion of the offering and the payment of any finders’ fees will be subject to all necessary regulatory approvals, including the TSX Venture Exchange.
Inomin Mines is a Canadian mining company engaged in the acquisition and exploration of mineral properties, especially gold, silver and nickel projects that display strong potential to host significant mineral resources.
Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The company owns a 100% interest in the Beaver-Lynx sulphide nickel project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in southwest British Columbia. Inomin also owns 100% of the King’s Point gold-copper-zinc project in Newfoundland under option to Maritime Resources Corp.
Inomin Mines Inc. (MINE) opened trading at C$0.12 per share.