20:05:07 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Colombian Mines Corp
Symbol CMJ
Shares Issued 42,383,427
Close 2015-04-07 C$ 0.065
Market Cap C$ 2,754,923
Recent Sedar Documents

Colombian Mines closes $63,930 1st tranche of financing

2015-04-08 18:35 ET - News Release

Bell Services Subject: Colombian Mines - News Release Hi, please disseminate immediately. Thanks, Belinda Belinda Tyldesley Closing Bell Services T: 604.788.5508 E: closingbellservices@gmail.com Regulatory Compliance & Corporate Secretarial Services > File: CMJ_NR_20150408_PP Closing.doc NEWS RELEASE Colombian Mines Closes First Tranche of Private Placement Vancouver, British Columbia, April 8, 2015 (TSX-V: CMJ, Frankfurt: X6C) - Colombian Mines Corporation ("Colombian Mines" or the "Company") is pleased to announce that it has completed the first tranche of its non-brokered private placement, previously announced on March 13, 2015. Upon the closing of the first tranche, the Company has issued of 639,300 units at $0.10 per Unit (the "Units") for gross proceeds of $63,930. Each Unit consists of one common share of stock and one full share purchase warrant. Each full warrant (the "Warrants") is exercisable for one additional share of the Company's common stock for 24 months at a price of: $0.12 per common share for the first six (6) months; and (ii) $0.20 per common share thereafter until April 8, 2017. There is a statutory hold period on the shares and warrants issued pursuant to the private placement expiring on August 9, 2015. The Warrants are subject to an accelerated expiry if, at any time after an initial 4 month hold period expires, the closing price of the Company's common shares on the TSXV exceeds $0.30 for any 10 consecutive trading days, in which event the holder will be given notice that the Warrants will expire 30 days following the date of such notice. The Warrants may be exercised by the holder during the 30-day period between the notice and the expiration of the Warrants. The Company intends to use the proceeds from the sale of the Units for general working capital. The private placement is subject to approval from the TSX Venture Exchange. About Colombian Mines Corporation: Colombian Mines Corporation is an aggressive exploration and development stage company with a distinct "first mover" advantage in Colombia. Focused on developing shareholder value through exploration and development of key projects, the Company is also one of Colombia's leading "prospect generators". Further information can be found on our website at www.colombianmines.com. Signed: "Robert G. Carrington" President & CEO FOR FURTHER INFORMATION CONTACT: Sharon Hebgin Dave Cross Corporate Communications Chief Financial Officer and Corporate Secretary Phone: (604) 649-9195 - Canada Phone: (604) 558-4300 (760) 668-7211 - United States Email: dcross@crossdavis.com Email: shebgin@colombianmines.com Website: www.colombianmines.com Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statement Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Colombian Mines Corporation. Actual results may differ materially from those currently anticipated in such statements.

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