This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Brilliant Mining closes $1-million private placement 2009-10-16 16:22 ET - News Release Mr. Derek Iwanaka reports BRILLIANT MINING CORP. ANNOUNCES CLOSING OF $1 MILLION PRIVATE PLACEMENT Brilliant Mining Corp. has closed a non-brokered private placement of 6,666,666 units of Brilliant at a price of 15 cents per unit for gross proceeds of $999,999.90. Each unit consisted of one common share of Brilliant and one non-transferable share purchase warrant entitling the holder to acquire one additional common share at a price of 20 cents per share until Oct. 15, 2014. The units were sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. In connection with the sale of an aggregate of two million units, Brilliant paid Canaccord Capital Corp. and PI Financial Corp. aggregate finder's fees in the sum of $15,000 (equal to 5 per cent of the proceeds from the sale of the two million units) and granted non-transferable share purchase warrants to acquire an aggregate of 100,000 common shares (equal to 5 per cent of the two million units) on the same terms as the warrants. The common shares and warrants comprising the units, the finder's warrants and the common shares issuable on exercise of the warrants and finder's warrants are subject to a restricted period expiring on Feb. 16, 2010. The remainder is available to Stockwatch subscribers.
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