Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM
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Message: Re: SLI NEWS . Looks like they need to raise money to keep the ship afloat IMHO
Very interesting, this appears to be a new PP? I don,t recall a news release stating that the old PP was cancelled? I see the old PP was proposed at 10 million shares, whereas this one is for 5 million shares. See the old proposed news release below;
| November 11, 2013 - 4:38 PM EST |
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The private placement consists of 10,000,000 units at a price of $0.05 per unit, for total proceeds of $500,000. Each unit will consist of one common share of the Company and one non-transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company at a price of $0.10 for a period of 24 months following closing. The proceeds of the private placement will be used for working capital. A finder's fee of 10% of the gross proceeds is payable in cash, units or a combination thereof.
For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call
1-888-895-5522 (toll free US and Canada) or contact:
ST. ELIAS MINES LTD.
(signed "Lori McClenahan")
Lori McClenahan,
President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2013 TheNewswire - All rights reserved.
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