Marum Resources 1.58-million-share private placement

2009-04-29 16:26 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 11, 2009, and March 16, 2009.

Number of shares: 1.58 million flow-through shares

Purchase price: 8.5 cents per flow-through share

Warrants: 1.58 million warrants to purchase 1.58 million common shares

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

Insiders: Courtney Shearer, 230,000; Arness Cordick, 750,000; Richard Boulay, 600,000