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Entourage Closes First Tranche of Non-Brokered Private Placement

Vancouver, British Columbia, September 28th, 2012 - Entourage Metals Ltd. (TSX-V: EMT) (the “Company“) is pleased to announce that further to its news release of September 24th 2012, it has closed the first tranche of its non-brokered private placement of

3,693,000 Units (the “Units”) at a price of $0.25 per Unit for gross proceeds of $923,250.

Each unit consists of one common share of the Company (a “Share”) and one half of one non-transferable common share warrant of the Company (each whole warrant, a “Warrant”), with each Warrant entitling the holder to purchase one additional Share at an exercise price $0.35 per Share until September 27th, 2014

In connection with the financing, the Company has paid cash finders’ fees to certain finders for an aggregate amount of $84,575
which is equal to 10% of the total subscription amount of the number of Units introduced by the finders to the Company, and has issued an aggregate of 338,300 finders’ warrants (the “Finders’ Warrants”), which is equal to 10% of the number of Units purchased by subscribers introduced by the finders to the Company. Each Finders’ Warrant entitles the holder to acquire an additional Share until September 27th, 2014 at a price of $0.35 per Share.

All securities issued in connection with the Financing will be subject to a four-month hold period expiring on January 28th, 2013.


Shares Outstanding: 19,972,000

Steigerung : 15 %
 
aus der Diskussion: Das Miner ÜBEL-Wann hört die massenhafte Verwässung auf!!!!???
Autor (Datum des Eintrages): dosto  (19.11.12 10:15:51)
Beitrag: 22 von 206 (ID:43838626)
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