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, 2012.

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: gdixon43@telus.net

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890