Trading Symbol: JSP (TSX-V)
CALGARY, April 11 /CNW/ - Jasper Mining Corporation (the
"Company")(JSP:TSX-V) is pleased to announce that it has completed a
non-brokered private placement, as announced on March 31, 2011, and
accordingly has issued 377,144 units of the Company at a price of $0.28
per unit; for gross proceeds to the Company of $105,600. Each unit will
consist of 1 common share and ½ common share purchase warrant. The
warrants are at an exercise price of $0.45 and expire September 30,
The private placement has resulted in the issuance of 377,144 common
shares, and 188,572 share purchase warrants. There were 3 subscribers
to the private placement.
A finders fee of $3,000 will be paid to Anacort Capital Inc., being 6%
of $50,000, and the Company will grant finder's fee warrants equal to
6% of 178,572 units subscribed for to Anacort Capital Inc. (10,714
warrants) at an exercise price of $0.45 with a term of 18 months.
All of the securities issued pursuant to this private placement are
subject to a four month hold period.
This News Release is being issued in accordance with TSX Venture
Exchange procedure which requires a News Release be made that discloses
the material details of the private placement.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy
or accuracy of this release.
SOURCE Jasper Mining Corporation
For further information:
Gordon F. Dixon, Q.C., President, Jasper Mining Corporation, Telephone: (403) 297-9483, Fax: (403) 266-1487, e-mail: firstname.lastname@example.org