Mega Precious Metals Inc MPRXF

PP anounced

[HeyIrish]

Not so bad.
Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the "Offering") of units at a price of $0.11 per unit (the "Non-Flow-Through Units") and flow-through units at a price of $0.12 per flow-through unit (the "Flow-Through Units), for aggregate gross proceeds of up to $3,000,000. Each Non-Flow-Through Unit will consist of one common share of the Company and one-half of one warrant (each a "Warrant") to purchase common shares of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.15 until 18 months following the closing date of the Offering. Each Flow-Through Unit will consist of one common share of the Company, which will qualify as a "flow-through share" within the meaning in the Income Tax Act (Canada) (the "Tax Act") and one-half of one Warrant.

[rbruceyahoo]

This post has been removed in accordance with Community Policy

[u2bob]

Not so bad. I agree thats why .105 looks so good now ...time to step out the drill results and then the infill to add to resource estimates ...I will be very interested at what the tungsten numbers are seeing no value has been giving towards that... and gold value less than 5 bucks an ounce probably ...now thats a low market cap on this play... Good Luck  Bob

[HeyIrish]

The quicker they announce the closing of the PP the sooner the share price will rise. It looks like a nice summer ahead for MGP.