The placement was increased to $25,000,000 when the price was put on the PP @ $1.35

I have to wonder what is up here as we are going to be a little too cashed up....LOL

One thing for sure, cash won't be of any concern for some time!

Probe Mines increases private placement to $25-million

2011-04-04 10:02 ET - News Release

Mr. David Palmer reports

PROBE MINES ANNOUNCES PRICING AND UPSIZES BROKERED PRIVATE PLACEMENT TO C$25 MILLION

Probe Mines Ltd. has priced and upsized its previously announced best-efforts marketed private placement. Probe will sell 18.52 million units at a price of $1.35 for gross proceeds of $25,002,000. Each unit will consist of one common share and one-half of one common-share purchase warrant. BMO Capital Markets acted as sole agent for the offering. The offering is expected to close on or about April 21, 2011.

Each whole common-share purchase warrant will entitle the holder to purchase one additional common share of the company at a price of $1.70 for a period of two years following the closing of the offering. If the volume-weighted average share price of the common shares on the TSX Venture Exchange is greater than $2.70 per common share for a period of 20 consecutive trading days at any time following the issuance of the warrants, the company may accelerate the expiry date of the warrants by issuing a press release announcing the reduced warrant term, whereupon the warrants will expire on the 30th calendar day after the date of the press release.