Marum Resources seven-cent private placement

2009-03-02 16:14 EST - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 9, 2009, and Jan. 26, 2009.

Number of shares: Six million common shares

Purchase price: Seven cents per share

Warrants: Six million warrants to purchase six million common shares

Exercise price: 13 cents per share for a period of three years

Hidden placees: 25

Insider participation: Arness Cordick, 1,595,000; Courtney Shearer, 360,000