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Article: BacTech Mining Arranges Private Placement.
- Article from:
- Investrend
- Article date:
- April 23, 2009
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Apr 23, 2009 (FinancialWire via COMTEX) -- April 23, 2009 (FinancialWire) -- BacTech Mining Corp. (OTC: BMCFF) (TSX: BM) said that it has received commitments for $200,000 for a private placement of common share units at a price of $0.05 per unit.
Under the terms, a unit consists of one common share and one common share purchase warrant with a two-year exercise period. Each warrant entitles the holder to acquire one common share at a price of $0.07 per share during the first year of the two year exercise period, and at a price of $0.10 per share during the second year.
The units will be sold on a non-brokered basis.
The $200,000 raising is in ...