PAF Pan African Mining 1.5-million-share private placement
2005-07-18 16:19 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to Pan African Mining Corp.'s non-brokered private placement announced April 12, 2005, and July 11, 2005.
Shares: 1.5 million shares
Purchase price: $1 per share
Warrants: 750,000 share purchase warrants to purchase 750,000 shares
Placees: Two placees
Insider: RAB Special Situations LP one million
Finders' fees: Credifinance Securities Ltd. will receive $50,000 and 80,000 warrants, where each warrant is exercisable for one share at a price of $1.20 per share for a one-year period. Canaccord Capital Corp. will receive $25,000 and 40,000 warrants, where each warrant is exercisable for one share at a price of $1.20 per share for a one-year period.