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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Clear Mountain Resources Corp    CY   CA1846731018

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2015 CLEAR MOUNTAIN : Closes financing
2014 CLEAR MOUNTAIN : Updates Osage Property Acquisition
2014 Clear Mountain Updates Osage Property Acquisition
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Clear Mountain Resources : CLOSES FINANCING

11/24/2015 | 09:28am US/Eastern

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

Rent: 6,000.00

Paralegal consulting services: 4,500.00

TSXV filing fees: 970.00

Administration and office: 2,500.00

Insurance: 5,000.00

Unallocated working capital: 8,415.00

Total: $40,000.00

All securities issued under the placement are subject to regulatory hold periods expiring on March 19, 2016.

Contact:

Clear Mountain Resources Corp.

67 East 5th Avenue

Vancouver BC

Canada V5T 1G7

Tel: (604) 273-6955

www.clearmountainresources.com

(c) 2015 Electronic News Publishing -, source ENP Newswire

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