Mr. Ian Peres reports
MONETA ANNOUNCES CLOSING OF BOUGHT DEAL PRIVATE PLACEMENT FINANCING
Moneta Porcupine Mines Inc. has completed its previously announced brokered private
placement financing (see press release on March 16, 2012) consisting of the
sale and issue of 10 million common shares at 30 cents per share for
aggregate gross proceeds of $3-million by Stonecap
Securities Inc., as the lead underwriter of a syndicate including
Industrial Alliance Securities Inc.
The net proceeds of the offering will be used for exploration at the
company's Golden Highway project, working capital and general corporate
purposes. The common shares issued under the offering are subject to a
four-month hold period in Canada.
We seek Safe Harbor.
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