Mr. Brian Thurston reports
CANADIAN MINING CORP. ANNOUNCES $2,000,000 FINANCING
Canadian Mining Corp. has arranged a non-brokered private placement for up to eight million units at a price of 25 cents per unit to raise gross proceeds of up to $2-million. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each common share purchase warrant is exercisable for one additional common share of the company at a price of $1 for a period of two years from the date of issue.
Proceeds from the offering will be used to advance the company’s operations and general working capital, including potential acquisitions, marketing, corporate accounting and geological services.
The offering is subject to the approval of the TSX Venture Exchange, and all securities issued thereunder will be subject to a four-month-and-one-day hold period under applicable securities laws. The company may pay a finder’s fee in connection with the offering.
We seek Safe Harbor.