Tosca Mining Corporation Closes First Tranche of Private Placement.
Vancouver, British Columbia CANADA, December 18, 2012 /FSC/ - Tosca Mining Corp. (TSQ.V; US: TSMNF; FSE: TQ4)
Further to the news release dated November 7, 2012, Tosca Mining Corporation wishes to announce that it has closed the first tranche of its non-brokered private placement; this first tranche consisting of 7,120,000 units at a price of $.05 per unit for gross proceeds of approximately $$356,000.
Each unit consists of one common share in the capital of the company and one non-transferable common share purchase warrant, each warrant entitling the holder to purchase one additional share of the company for a period of two years from the date of issue, at a price of $.10 in year one and $.14 in year two.
Shares Outstanding: 36,878,000
