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Troymet Increases Private Placement to $1,500,000 |
July 29, 2011
COMOX, BRITISH COLUMBIA--(Marketwire - July 28, 2011) - Troymet Exploration Corp. ("Troymet") (TSX VENTURE:TYE) is pleased to announce that further to its press release dated July 19, 2011, the size of its previously-announced non-brokered private placement has been increased to $1,500,000 (the "Increased Offering") due to market demand. The Increased Offering will consist of a combination of units ("Units") issued at a price of $0.05 per Unit and common shares issued on a "flow-through" basis at a price of $0.07 per common share. Each Unit will consist of one common share in the capital of Troymet (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each full Warrant is exercisable for one year from closing into one Common Share at $0.15 per share. A finder's fee of up to 8% of the gross proceeds of the private placement may be paid in cash or Common Shares on all or any portion of this private placement. Additionally, finder's warrants exercisable into Common Shares of Troymet, may be issued in an amount up to 8% of the number of Units and flow-through Common Shares sold under this private placement. The finder's warrants will be exercisable into Common Shares at a price of $0.05 per Common Share for a period of one year from the date of issuance of the finder's warrants.
http://www.marketwire.com/mw/release.do?id=1543828&sourceType=3
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