BRIEF-Moneta Porcupine Mines announces C$7.0 million bought deal private placement 2016-08-16 04:41:00 PM ET (Reuters)
Aug 16 (Reuters) - Moneta Porcupine Mines Inc
* Moneta Porcupine Mines Inc. announces C$7.0 million bought deal private placement
* Says underwriters agreed to purchase 15.2 million flow-through units at a price of $0.395 per FT unit
* Says underwriters to purchase 3.3 million units at a price of C$0.30 per unit
* Net proceeds from sale of units will be used to fund exploration and development of co's mineral properties, among others Source text for Eikon: Further company coverage: