15:04:23 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Inspiration Mining Corp (2)
Symbol ISM
Shares Issued 16,408,781
Close 2015-10-07 C$ 0.04
Market Cap C$ 656,351
Recent Sedar Documents

Inspiration Mining completes $400,000 private placement

2015-10-08 11:42 ET - News Release

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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