Looks like Mantis has raised some cash
posted on
Jul 28, 2008 11:36AM
Lets hope they start drilling Tamarck soon.
Mantis Mineral raises $1-million in two financings
2008-07-22 12:56 ET - News Release
Mr. Robin Ross reports
MANTIS MINERAL CORP. COMPLETES PRIVATE PLACEMENT
Mantis Mineral Corp. has completed the second tranche of its previously proposed private placement of units at a price of 23 cents per unit with Citadel Securities Inc. and HDL Capital Corp. as agents. A total of 2,173,913 units was sold for gross proceeds of $500,000. Each unit consists of one "flow-through" share and one-half of one share purchase warrant, each whole warrant entitling the holder thereof to acquire one share at a price of 35 cents for a period of one year.
In addition, Mantis closed a private placement of 2.5 million units at a price of 20 cents per unit for gross proceeds of $500,000. Each unit consists of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder thereof to acquire one share on the same terms as the warrants comprising the flow-through units.
A total of $50,000, 243,564 shares and 738,591 broker warrants were issued by Mantis in commission in connection with the private placement. Each broker warrant entitles the holder thereof to acquire one share at a price of 20 cents for a period of two years.
Completion of the private placement is subject to regulatory approval, including satisfaction of the requirements of the CNQ.
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AND:
Mantis Mineral closes first tranch for $1.45-million
2008-07-11 17:56 ET - News Release
Mr. Robin Ross reports
MANTIS MINERAL CORP. COMPLETES PRIVATE PLACEMENT
Mantis Mineral Corp. has completed the first tranche of its private placement of units at price of 23 cents per unit, with Citadel Securities Inc. and HDL Capital Corp. as agents. A total of 6,312,000 units were sold for gross proceeds of $1,451,760. Each unit comprises one flow-through share and one-half of one share purchase warrant, each whole warrant entitling the holder thereof to acquire one share at a price of 35 cents for a period of one year.
A total of $75,588, 124,200 shares and 360,000 broker warrants, were issued by Mantis Minerals as a commission in connection with the private placement. Each broker warrant entitles the holder thereof to acquire one share at a price of 20 cents for a period of two years.
Completion of the private placement is subject to regulatory approval, including satisfaction of the requirements of the CNQ.