Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in
MacDonald Mines Announces Brokered Private Placement
Published : November 08, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Canada | Chrome | Copper | Lead | Market | Nickel | Titanium | Vanadium |

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2012) -


MacDonald Mines Exploration Ltd. (the "Company") (News - Market indicators) announced today it has engaged Marquest Asset Management Inc. ("the Lead Agent") to lead a syndicate of sub-agents which includes Secutor Capital Management to conduct a brokered offering of securities of the Company (the "Offering") to raise gross proceeds of up to $2,700,000 through the sale of flow-through units (the "FT Units") at a price of $0.075 per FT Unit and through the sale of non flow-through units (the "Units") at a price of $0.065 per Unit, to be offered on a private placement basis pursuant to exemptions from the prospectus requirement.

Each FT Unit will consist of one (1) flow-through common share of the Company and one-half (1/2) of one common share purchase warrant (the "FT Warrants"). Each full FT Warrant entitles its holder to purchase one non-flow through common share at a price of $0.15 per share for a period of eighteen (18) months from the date of issue.

Each Unit will consist of one (1) common share of the Company and one-half (1/2) of one common share purchase warrant (the "Unit Warrants"). Each full Unit Warrant entitles its holder to purchase one non-flow through common share at a price of $0.15 per share for a period of eighteen (18) months from the date of issue.

In connection with the Offering, the Company will pay to the Lead Agent a fee equal to 6.5% of the gross proceeds of the Offering and issue non-transferable compensation options ("Compensation Options") to the Lead Agent equal to 6.5% of the total number of FT Units and Units sold in the Offering. Each Compensation Option is exercisable to acquire one common share at the price of $0.065 per share for a period of eighteen months from the date of issue. It is expected that insiders of the Company will be subscribing for securities in the Offering, on the same terms as arm's length investors.

All securities to be issued in connection with the Offering are subject to a hold period of four months and one day from the date of issuance. Closing of the Offering is conditional on the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.

Proceeds of the sale of FT Units will be used to incur "Canadian Exploration Expenses" within the meaning of the Income Tax Act (Canada) primarily on its Butler Property in the James Bay Lowland region of Ontario. The net proceeds of the sale of Units will be used to fund exploration programs on its Canadian properties and for general corporate expenses. The next exploration program consisting of 3,000 meters of drilling is currently scheduled for late 2012 or early 2013. Completion of the program as currently scheduled is dependent on weather conditions, the availability of funds and other risks set out in the Company's Management Discussion & Analysis available under the Company's profile on

About MacDonald Mines Exploration Ltd.

MacDonald Mines is a mineral exploration company with an established exploration history in the Canadian Northlands. MacDonald Mines has set upon a strategic direction of exploration with particular focus on nickel, chrome, copper, zinc, vanadium and titanium in the "Ring of Fire" area of the James Bay Lowlands of Northern Ontario. More detailed information about the Company is available on the website:

Cautionary Statement: The foregoing information contains forward-looking statements relating to the future performance and plans of MacDonald Mines Exploration Inc. Forward-looking statements, specifically those concerning future performance and plans, are subject to certain risks and uncertainties, and actual results may differ materially from MacDonald Mines plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by MacDonald Mines with the TSX Venture Exchange and securities regulators, which can be found at Other than as required by law, MacDonald Mines does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. We seek safe harbour.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

MacDonald Mines Exploration Ltd.
Brent Nykoliation
Vice President of Business Development
(416) 364-4986
(416) 364-2753 (FAX)
MacDonald Mines Exploration Ltd.
Kirk McKinnon
President & CEO
(416) 364-4986
(416) 364-2753 (FAX)
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

MacDonald Mines Exploration Ltd

ISIN : CA5543243011
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

MacDonald Mines is an exploration silver and gold company based in Canada.

MacDonald Mines holds various exploration projects in Canada.


MacDonald Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.5 millions, € 1.4 millions).

Its stock quote reached its highest recent level on November 22, 1996 at CA$ 7.30, and its lowest recent point on November 17, 2016 at CA$ 0.01.

MacDonald Mines has 30 270 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Financings of MacDonald Mines Exploration Ltd
12/27/2012Closes Additional Private Placement Funds
11/23/2012Closes Private Placement
11/8/2012Announces Brokered Private Placement
Nominations of MacDonald Mines Exploration Ltd
10/1/2013Appoints Officers
9/13/2013. Announces Resignation of President and CEO
Project news of MacDonald Mines Exploration Ltd
6/22/2010(Big Mac/macnugget)Releases Final Assays From James Bay; Identifies Fourth Limb...
8/11/2009(Mcfauld's Lake - Macdonald)James Bay Property Status and Exploration Update
4/30/2008 Adds to Land Position in James Bay Lowlands; Additional Air...
3/31/2008(Big Mac/macnugget)2,500 Metre Drill Program Underway on Big Mac Property in Ja...
3/13/2008(Big Mac/macnugget)Defines a 20km-Long Zone with Multiple Magnetic and/or Elect...
2/21/2008(Big Mac/macnugget)Intersects 112 Meters Assaying 0.18% Nickel on James Bay Low...
1/21/2008(Big Mac/macnugget) Completes First Phase of Drill Program at McNugget and Join...
Corporate news of MacDonald Mines Exploration Ltd
12/23/2015MacDonald Mines Provides Update on Audit
9/4/2015MacDonald Mines Announces Audit
6/17/2015MacDonald Mines Exploration Announces Results from Its Annua...
6/5/2015MacDonald Mines Sells Its Hornby Property
5/19/2015MacDonald Mines Proposes Share Consolidation
2/23/2015MacDonald Mines Exploration to Exhibit at the 2015 PDAC Inte...
7/7/2014MacDonald Mines Exploration Announces Results from its Annua...
8/7/2013Announces Fall Drill Program & Results from Spring Explorati...
7/10/2013Announces Results of Annual General Meeting
5/31/2013Announces Proposed Consolidation and Advance Notice Provisio...
5/31/2013Announces Proposed Consolidation and Advance Notice Provisio...
2/21/2013Commences Drilling in James Bay's Ring of Fire
1/9/2013Readies Drill Program on Butler Property in 'Ring of Fire,' ...
9/12/2012VMS Discovery Leads Exploration Program to Larger Target and...
7/20/2011Announces Results of Annual and Special Meeting of Sharehold...
7/4/2011Closes Private Placement with HudBay Minerals and MineralFie...
6/6/2011Announces VMS Assay Results from Butler Lake Project in Ring...
5/10/2011Completes Winter Program at Butler Lake-Assays Pending; Dril...
3/17/2011Initiates Shareholder Rights Plan
2/16/2011Signs Exploration Agreement with Kasabonika Lake First Natio...
4/9/2009Acquires 100% Interest in Nickel, PGM & Base Metal Property ...
9/22/2008Recommences Drilling Program on 5 Project Areas in Ring of F...
6/19/2008Named to 2008 TSX Venture 50(TM)
5/1/2008 with Co-Discoverer of Voisey’s Bay Adds Key Ground in th...
2/15/2008Announces Agreement with MacDonald Mines Exploration Ltd.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.065
01/18 10:26 -
Prev close Open
0.065 0.065
Low High
0.065 0.065
Year l/h YTD var.
0.060 -  0.080 -7.14%
52 week l/h 52 week var.
0.010 -  0.080 550.00%
Volume 1 month var.
8,000 8.33%
24hGold TrendPower© : 13
Explores for Copper - Nickel - Platinum
Interactive chart Add to compare
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Pioneer Resources(Au-Ni)PIO.AX
intersects further High Grade Caesium and Lithium mineralisation at Pioneer Dome LCT Pegmatite Proje
AU$ 0.02-5.26%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
Announces 2016 Production Results
CA$ 7.34-0.94%Trend Power :
Uranium Res.(Ur)URRE
Announces Proposed Public Offering of Common Stock
US$ 2.08-10.73%Trend Power :
Corazon Mining.CZN.AX
to Commence Drilling at Lynn Lake Nickel-Copper-Cobalt Project in Canada - Targeting Priority Geophy
AU$ 0.02+0.00%Trend Power :
Marathon Oil(Ngas-Oil)MRO
New SEC Document(s) for Marathon Oil Corporation
US$ 17.32-0.69%Trend Power :
Announces Proposed Amendments to Convertible Debentures
CA$ 5.25+0.19%Trend Power :
Candelaria settles contingent payment to Goldgroup
CA$ 0.14+0.00%Trend Power :
Musgrave Minerals LTDMGV.AX
Patersons Securities Limited – MGV Research Note November 16, 2016 - 8:26 am
AU$ 0.08+5.63%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Increases Common Stock Dividend 4.4 to $0.96 per Share
US$ 65.51-2.44%Trend Power :
Sims Metal Management LTDSGM.AX
Appendix 3B
AU$ 12.49-0.24%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding (Marathon)
AU$ 0.05+2.22%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding for Centaurus
AU$ 0.05+2.22%Trend Power :
Horizon Oil LTDHZN.AX
Amendment to Explanatory Memorandum Appendix 3B
AU$ 0.06+0.00%Trend Power :
Phosphate Australia LTDPOZ.AX
Change of Director's Interest Notice
AU$ 0.02+5.00%Trend Power :
Consolidated Zinc LTDCZL.AX
Further high grades intersected at Plomosas
AU$ 0.03+3.85%Trend Power :
Tala Hamza Zinc Project ProgressesTowards Development
AU$ 0.14-9.68%Trend Power :
Pilgangoora Lithium-Strategic Partnership $40M Placement
AU$ 0.16+1.91%Trend Power :
Sprott Resources(Ag-Au-Co)SCP.TO
Resource Corp. Announces Holdings in InPlay Oil Corp.
CA$ 0.54+3.85%Trend Power :
Announces Q3 2016 Financial and Operating Results
US$ 0.20+0.00%Trend Power :
Silver Standard(Ag-Au-Cu)SSO.TO
Corporate Exploration Update
CA$ 13.43-0.30%Trend Power :