Mr. Randy Miller reports
INSPIRATION COMPLETES PRIVATE PLACEMENT
Inspiration Mining Corp. has completed its non-brokered private placement.
The corporation issued an aggregate of eight million common shares of the corporation at a price of five cents per common share for gross proceeds of $400,000. In connection with the private placement, the corporation is required to pay a cash fee of $32,000, or 8 per cent of the aggregate consideration raised pursuant to the private placement, to an arm's-length third party.
The securities issued pursuant to the private placement are subject to resale restrictions expiring Dec. 1, 2015. The corporation intends to use the proceeds for general working capital.
The corporation also announces that Jim Davis has resigned as director of the corporation. The corporation would like to thank Mr. Davis for his service and contribution to the corporation, and wishes him success in his future endeavours.
We seek Safe Harbor.
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