pcNewsWire – CNRP Mining Inc. (CSE: CND) intends to complete a non-brokered private placement offering of up to 3,000,000 shares at $0.20 per share for gross proceeds of up to $600,000.
CNRP Mining Inc. Announces $600,000 Private Placement
VANCOUVER, BC, July 04, 2017 / – CNRP Mining Inc. (CSE:CND) (“CNRP” or the “Company”), is pleased to announce that it intends to complete a non-brokered private placement offering of up to 3,000,000 shares at a price of $0.20 cents per share for gross proceeds of up to $600,000.
Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. Other than certain securities being issued to employees, officers, directors or consultants, all securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The offering is not subject to a minimum aggregate amount of subscriptions. The net proceeds from the offering will be used to evaluate business opportunities outside the resource sector in order to enhance shareholder value.
ON BEHALF OF THE BOARD
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