TORONTO, June 18 /CNW/ - Mantis Mineral Corp. ("Mantis") (CNQ - MINE)
announces that it intends to complete a brokered private placement financing
of up to 6,600,000 units at a price of $0.23 per unit with Citadel Securities
Inc, as agent. Each unit will consist of one "flow-through" share and one-half
of one share purchase warrant, each whole warrant entitling the holder thereof
to acquire one share at a price of $0.35 for a period of one year. The private
placement is subject to satisfying the requirements of the CNQ.
Mantis will pay Citadel a commission equal to 8% of the aggregate gross
proceeds of the private placement as follows: (i) 5% payable in cash; and (ii)
3% payable in shares of Mantis at a deemed price of $0.20 per share.
About Mantis Mineral Corp.
Mantis Mineral Corp. is a dynamic Canadian based resource company,
possessing a diversified portfolio of mineral properties across Canada,
including direct participation in three major area plays: Tamarack, Orphan and
Grass River. The company holds substantial land positions hosting gold,
nickel, copper and platinum group metals.
The CNQ has not reviewed and does not accept responsibility for the
adequacy of this release.
For further information:
For further information: Mr. Robin Ross, Chairman & CEO, (416) 362-1800,