ENP Newswire -
Release date- 01082014 -
Proceeds from the Offering will be used to continue the evaluation of Mineral Mountain's Holy Terror Project located in
The Agent will have an option to increase the size of the Offering by up to an additional 15% of the number of Units, at any time up to 24 hours prior to the closing, at a price equal to the Offering Price.
Each Unit shall consist of one common share of the Company and one common share purchase warrant (a 'Warrant'). Each whole Warrant shall be exercisable into one common share of the Company for a period of 24 months from closing at an exercise price of
In connection with the Offering, the Corporation agrees to pay the Agent, on the date of closing, a cash commission of 7% of the aggregate gross proceeds of the Offering and issue to the Agent, compensation options (the 'Compensation Options') exercisable, in whole or in part, for 24 months following the closing at the Agent's sole discretion, to acquire that number of Units equal to 7% of the number of Units issued pursuant to the Offering each exercisable at the Offering Price.
The Agent may assign the Compensation Options in whole or in part, from time to time, at its sole discretion, to any member of the selling group in connection with this Offering.
'This financing will allow us to embark on a focused, cost-efficient Phase III drill program that is designed to support the delivery of our maiden mineral resources estimate for the
About Mineral Mountain and the
Mineral Mountain, through its wholly owned subsidiary
Tel: (604) 714-0111
This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'could' or 'should' occur.
Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements.
Factors that cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions.
The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.
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