Stemine announces a private placement
2016
Stelmine Canada Ltd. (TSXV: STH) announces a non-brokered private placement of a maximum of 12,000,000 common shares at a price of $0.05 per share resulting in gross proceeds, if fully subscribed, of a maximum of $600,000.
The common shares will be subject to a hold period of four months plus one day from the closing date in accordance with the applicable securities legislation. Placees under the offering are to include directors and officers of the Company. The Company intends to use those proceeds raised to finance Stelmine’s activities, and for general working capital.
A portion of the private placement is a related party transaction for the purposes of TSX Venture Policy 5.9, however is exempt from the minority approval and valuation requirements of such policy.
The private placement is subject to the approval of the TSX Venture Exchange.
Stelmine is a junior mining exploration company, the common shares of which are listed on the TSX Venture Exchange.
For further information please contact
Michel Lemay
President
(514) 715-7387
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Releases
- Stelmine completes a strategic private placement of $600,050 with a lead order from Palisades Goldcorp Ltd.
- New on Stelmine’s Board of Directors
- Stelmine completes exploration work on its Trieste property
- Stelmine initiates a new exploration campaign on its Joubert gold property
- Stelmine to resume exploration of the Mercator gold property
- Stelmine to launch its exploration campaign
- Stelmine signs three non-disclosure agreements
- Stelmine makes a gold discovery and stakes new claims on the Joubert property
- Stelmine discloses the results of exploration work completed on the gold-bearing zone of its Joubert property
- Stelmine announces the results of its annual meeting of Shareholders
Archives
- December 2020 (2)
- October 2020 (1)
- August 2020 (1)
- July 2020 (2)
- June 2020 (3)
- January 2020 (2)
- October 2019 (2)
- August 2019 (2)
- July 2019 (1)
- June 2019 (1)
- April 2019 (2)
- February 2019 (2)
- January 2019 (1)
- November 2018 (1)
- September 2018 (1)
- July 2018 (2)
- June 2018 (2)
- May 2018 (1)
- April 2018 (3)
- February 2018 (1)
- January 2018 (1)
- December 2017 (2)
- October 2017 (2)
- September 2017 (1)
- August 2017 (1)
- June 2017 (3)
- May 2017 (1)
- April 2017 (1)
- February 2017 (3)
- January 2017 (2)
- December 2016 (3)
- November 2016 (2)
- September 2016 (1)
- July 2016 (6)
- June 2016 (1)
- January 2014 (1)
- June 2012 (2)
- February 2012 (1)
- December 2011 (1)
- February 2011 (1)
- December 2010 (1)
- December 2009 (2)
- October 2009 (1)
- June 2009 (1)
- April 2009 (1)
- June 2008 (1)
- December 2007 (1)
- January 2007 (1)