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Canadian Spirit Resources Inc. Announces Final Closing of Private Placement |
December 28, 2011
CALGARY, ALBERTA--(Marketwire - Dec. 28, 2011) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (OTCBB:CSPUF) is pleased to announce that the Corporation has placed a total of 2.46 million units (the "Units") at a price of C$0.75 per Unit, for gross proceeds of C$1.84 million pursuant to a private placement announced on November 18, 2011 and amended on December 7, 2011. The placement of Units is subject to TSX Venture Exchange final approval. Each Unit consists of one Common Share and one-half of one Share Purchase Warrant (the "Warrants"). Each whole Warrant entitles the holder to purchase an additional Common Share of the Corporation for two years at an exercise price of C$1.10 per share (0.78 million Warrants expiring December 12, 2013 and 0.45 million Warrants expiring December 23, 2013).
http://www.marketwire.com/mw/release.do?id=1602255&sourceType=3
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