| MDN Announces Closing of Private Placement | |
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MONTREAL, QUEBEC--(Marketwired - Jul 15, 2014) - MDN Inc. (MDN.TO) (the "Company") has completed a private placement by issuing a total of 7,363,464 units at a price of 5.5 cents per unit and 5,066,825 flow-through shares at 7.5 cents per share, for total proceeds of $785,000. The securities issued in the private placement are subject to a four-month hold period expiring on November 15, 2014. Each common share unit will comprise one common share and one-half of a common share purchase warrant. No warrant will be issued with the flow-through shares. Each whole common share purchase warrant will entitle the holder to purchase one common share of MDN at a price of 11 cents until July 14, 2016. MDN will use the private placement proceeds to finance its exploration plan on the Samaqua project located south-east of niobium-tantalum Crevier project, as announced on June 18, 2014 press release Company insiders subscribed for $155,000. The offering was carried on a private-placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. No commission or finder's fees were paid. About MDN (MDN.TO) |
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MDN Inc
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PRODUCTEUR |
CODE : MDN.TO |
ISIN : CA55276L1040 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
MDN. est une société de production minière d'or et de cuivre basée au Canada. MDN. détient divers projets d'exploration au Canada. Son principal projet en production est TULAKAWA MINE en Tanzanie et ses principaux projets en exploration sont LAC SHORTT, DES MÉLOIZES, CLAIRY, LE TAC, LESPERANCE, MATAGAMI, MCGOLD et CREVIER au Canada et IKUNGU en Tanzanie. MDN. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 5,2 millions CA$ (4,0 millions US$, 3,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 octobre 1996 à 2,15 CA$, et son plus bas niveau récent le 24 décembre 2015 à 0,01 CA$. MDN. possède 114 660 000 actions en circulation. |