15:33:41 EDT Sun 25 Oct 2020
Enter Symbol
or Name
USA
CA



Kerr Mines Inc (2)
Symbol KER
Shares Issued 1,323,580,852
Close 2014-07-30 C$ 0.025
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Kerr Mines closes $3-million offering

2014-07-31 16:59 ET - News Release

Mr. Greg Gibson reports

KERR MINES ANNOUNCES CLOSING OF $3MILLION OFFERING

Kerr Mines Inc. has closed a $3-million offering.

Pursuant to the terms of a share purchase agreement dated July 28, 2014, between the company, Pinetree Resource Partnership and Pinetree Capital Inc., Kerr issued 6,666,667 postconsolidation common shares to the partnership at a deemed price of 45 cents per Kerr share in exchange for 6,666,667 common shares of Pinetree at a deemed price of 45 cents per share. The Kerr and Pinetree shares are subject to a four-month hold period.

Kerr paid finders' fees consisting of a cash commission equal to 5 per cent of the gross proceeds of the offering paid through the issuance of 333,333 postconsolidation Kerr shares and issued broker warrants to acquire up to 333,333 Kerr shares at a price of 60 cents per Kerr share until July 31, 2016.

We seek Safe Harbor.

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