St. Elias Mines Ltd. - Private Placement
23 Abril 2014 - 11:04AM
Access Wire
Vancouver, BC / ACCESSWIRE / April 23, 2014 /
St. Elias Mines Ltd. (SLI-TSX-V) announces a non-brokered private
placement of up to 5,000,000 units at a price of $0.05 per unit,
for total proceeds of up to $250,000. 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. A finder's fee of 10% of
the gross proceeds will be payable in cash, units or a combination
thereof. Interested purchasers can contact Lori McClenahan or Cathy
Forhane for subscription documents.
The proceeds of the private placement will be used to pay TSX
sustaining fees; annual government fees for the Company's Peruvian
and B.C. properties; audit fees; and for working capital.
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.
SOURCE: St. Elias Mines Ltd.
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