10:23:46 EST Wed 14 Nov 2018
Enter Symbol
or Name
USA
CA



Parallel Mining Corp
Symbol C : PAL
Shares Issued 53,556,521
Close 2018-07-12 C$ 0.05
Recent Sedar Documents

Parallel closes $137,550 first tranche of placement

2018-07-12 17:54 ET - News Release

Mr. John Anderson reports

PARALLEL MINING ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Parallel Mining Corp. has completed a first tranche closing of a non-brokered private placement of 2,751,000 units at a price of five cents per unit for gross proceeds of $137,550. Each unit consists of one common share and one non-transferrable common share purchase warrant, with each warrant entitling the holder to acquire one additional common share of the company at a price of five cents per common share for a period of five years from the date of closing. The net proceeds will be used for geological exploration and general working capital. All securities issued pursuant to the private placement will be subject to a statutory four-month hold period.

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