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Jasper Mining completes private placement.

International Resource News-5 January 2010-Jasper Mining completes private placement(C)2010 ENPublishing - http://www.enpublishing.co.uk

International Resource News - 05 January 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Jasper Mining Corporation (Jasper Mining), an Alberta provincially incorporated company that operates exclusively in British Columbia, has completed a non-brokered private placement of 5,000,000 flow-through units effective December 31, 2009.

Each unit is priced at USD0.20 for gross proceeds of USD1m. A unit includes one common share and 1/10 common share purchase warrant with a term of 18 months, and an exercise price of USD0.75.

The private placement will lead to the issuance of 5,000,000 common shares, and 500,000 share purchase warrants.

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

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Publication:International Resource News (IRN)
Date:Jan 5, 2010
Words:144
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