Release date- 23112015 - Clear Mountain Resources Corp. (TSX-V: CY) announces that it has closed its private placement of 4,000,000 units at $0.01 per unit for total gross proceeds of $40,000.
Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until November 18, 2020, at an exercise price of $0.05 per common share.
Proceeds of the placement will be used as follows:
Audit fees: $ 5,250.00
Legal fees: 4,865.00
Transfer agent fees: 2,500.00
Paralegal consulting services: 4,500.00
TSXV filing fees: 970.00
Administration and office: 2,500.00
Unallocated working capital: 8,415.00
All securities issued under the placement are subject to regulatory hold periods expiring on March 19, 2016.
Clear Mountain Resources Corp.
67 East 5th Avenue
Canada V5T 1G7
Tel: (604) 273-6955
(c) 2015 Electronic News Publishing -, source ENP Newswire