Trading Symbol: JSP (TSX-V)
CALGARY, Feb. 10 /CNW/ - Jasper Mining Corporation (the "Company") is
pleased to announce a non-brokered private placement of $797,000
through the sale of 3,188,000 hard dollar units at $0.25 per unit. Each
unit will consist of 1 common share and 1/2 common share purchase
warrant with a term of 24 months, and an exercise price of $0.35. The
common shares and warrants will have a hold period of four
The private placement will result in the issuance of 3,188,000 common
shares, and 1,594,000 share purchase warrants.
A finders fee of 6% will be payable and the Company will grant a
finder's fee option equal to 6% of the total number of units subscribed
for, at an exercise price of $0.35 with a term of 18 months.
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