| Home : October 2010 : October 02, 2010 News : Pele Mountain Announces Closing of Private Placement Offering |
Pele Mountain Announces Closing of Private Placement Offering |
October 02, 2010
TORONTO, ONTARIO--(Marketwire - Oct. 1, 2010) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) ("Pele" or the "Company") is pleased to announce that it has closed the second tranche of a non-brokered private placement offering (the "Offering") comprised of 3,026,664 flow-through units (the "Units") at a purchase price of $0.18 per Unit for gross proceeds of $544,800. Each Unit consists of one common share and one-half of one common share purchase warrant (a "Warrant"), with each Warrant exercisable for one common share of Pele at $0.25 until April 1, 2012. Pele announced the closing of the first tranche on September 30, 2010.
http://www.marketwire.com/mw/release.do?id=1328592&sourceType=3
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