Home > Boards > US OTC > Mining/Resources > Firma Holdings Corp. (FRMA)

I had posted a couple of days ago

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Sam Dan Member Level  Friday, 09/29/17 03:54:55 PM
Re: None
Post # of 1667 
I had posted a couple of days ago that the share price moving
higher was indicative that the PP was being successful
"MX Gold Corp. has closed a non-brokered private placement. The private placement is subject to TSX Venture Exchange approval.
The Company completed the sale of 40 Million units ("Unit") at a purchase price of C$0.10 per unit for gross proceeds of C$4 Million. Each Unit is comprised of one common share in the capital of the Issuer (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share (each, a "Warrant Share") at a price of $0.20 per Warrant Share until 5:00 p.m. (Vancouver time) on the date of expiration of the Warrant, which is five (5) years following the Closing Date. Aggregate cash finders' fees of $15,575 will be paid to various arms' length parties under agreements with the arms' length parties in connection with certain non-brokered subscriptions of the Offering. Of the total, approximately 6 Million units were purchased by insiders and management of MX Gold Corp.

The Common Shares acquired by the subscribers are subject to a hold period of four months plus one day and may not be traded until January 29, 2017.

The Company intends to use the funds raised from the issuance of the shares for general working capital and its Magistral Project in Mexico..

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