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Article: Madison Closes Non-Brokered Private Placement.
- Article from:
- Marketwire Canada
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 2, 2009 (Marketwire via COMTEX) -- Further to its news release of September 24, 2009, Madison Minerals Inc. (TSX VENTURE:MMR)(OTCBB:MMRSF) is pleased to report that it has closed a portion of the non-brokered private placement, issuing a total of 1,969,667 units at a price of $0.15 per unit generating gross proceeds of $295,450. Each unit consists of one common share and one half warrant, with every whole warrant entitling the purchase of an additional share of Madison at $0.25 per share until October 29, 2010. Madison does not intend to close the balance of the placement.
A cash finder's fee of 7% of $52,950 has been paid to an ...