| Home : October 2010 : October 16, 2010 News : Quadra FNX Mining Participates in Far West Private Placement |
Quadra FNX Mining Participates in Far West Private Placement |
October 16, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2010) - Quadra FNX Mining Ltd. (TSX:QUX) ("QuadraFNX") exercised its right to maintain its interest in Far West Mining Ltd. ("Far West") and has chosen to participate in a private placement of Units of Far West. In connection with this private placement, Quadra acquired 207,835 units (the "Units") at a price of $4.10 per Unit. Each Unit consists of one common share (a "Share") in the capital of Far West and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Share of Far West for two years at a per share price of $5.35 during the first year and $5.85 during the second year.
http://www.marketwire.com/mw/release.do?id=1336104&sourceType=3
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