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Celeste Copper Closes Private Placement

Calgary, Alberta CANADA, November 21, 2012 /FSC/ - Celeste Copper Corporation (C - TSX Venture), ("Celeste" or the "Company") announces, further to its news release dated October 11, 2012 that it has closed its non-brokered private placement of a total of 10,000,000 units for aggregate gross proceeds of $500,000. Each unit consists of one common share and one half of a common share purchase warrant and each whole common share purchase warrant ("Warrant") entitles the holder to acquire one common share of the Company at a price of $0.10 per share for a period of 24 months following the closing date.

Liberty Metals & Mining Holdings, LLC ("LMM"), a wholly-owned subsidiary of Boston-based Liberty Mutual Insurance, acquired 2,000,000 units at a price of $0.05 per unit, for gross proceeds of $100,000.
After giving effect to the closing of the private placement LMM beneficially owns 47,555,555 common shares and 23,777,778 Warrants representing 36.48% of the outstanding common shares on a non-diluted basis after giving effect to the subscription by LMM (or 41.91% on a fully diluted basis). Management and insiders of Celeste acquired a total of 62% of the offering.

Celeste CEO, Mr. Alan Shoesmith stated "I am pleased to confirm the closing of this non-brokered placement, the proceeds from which are for general corporate purposes


Shares Outstanding: 120,361,000
 
aus der Diskussion: Das Miner ÜBEL-Wann hört die massenhafte Verwässung auf!!!!???
Autor (Datum des Eintrages): dosto  (21.11.12 17:12:30)
Beitrag: 27 von 206 (ID:43848043)
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