|By Marketwired .||
|June 13, 2014 04:28 PM EDT||
VAL D'OR, QUEBEC -- (Marketwired) -- 06/13/14 -- Hinterland Metals Inc. (TSX VENTURE: HMI) ("Hinterland" or the "Company") announces the second closing of a non-brokered private placement (the "Offering") of flow-through shares (the "FT Shares") and of units (the "Units") for total gross proceeds of $139,000. Each Unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to acquire one (1) additional common share of the Company at a price of $0.10 until June 13, 2016.
Under the second tranche of the Offering, Hinterland issued 1,600,000 FT Shares at a price of $0.05 per share for gross proceeds of $80,000 and 1,800,000 Units at a price of $0.05 per unit for gross proceeds of $59,000. An insider of Hinterland participated in the second tranche for $7,000 (140,000 FT Shares).
In total Hinterland raised $374,000 in two tranches under the Offering. The $225,000 FT Share offering was fully subscribed. See the Company's press release dated May 27, 2014 for details on the closing of the first tranche of the Offering.
La Societe d'investissement dans la diversification de l'exploration ("SIDEX") participated in the Offering for $50,000 (1,000,000 Units) under the "Field Action 2014" program. The mission of SIDEX is to invest in companies engaged in mineral exploration in Quebec in order to diversify Quebec's mineral base and open new territories. Field Action 2014 is a new $3-Million financing program recently launched by SIDEX to encourage junior mineral exploration companies to pursue field work in Quebec, hire young professionals, employ service companies, and make new discoveries in 2014.
The securities issued under the second tranche of the Offering are subject to a four month hold period ending October 14, 2014. Hinterland paid total finder's fees of $5,600 in cash. The Offering is subject to final approval from the TSX Venture Exchange. The proceeds from the Offering will be used by Hinterland to advance its exploration projects within Quebec and New Brunswick, and for general working capital.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.
Dec. 2, 2016 02:15 PM EST Reads: 1,494
Dec. 2, 2016 02:02 PM EST Reads: 172
Dec. 2, 2016 02:00 PM EST Reads: 4,803
Dec. 2, 2016 01:30 PM EST Reads: 5,686
Dec. 2, 2016 01:30 PM EST Reads: 1,802
Dec. 2, 2016 01:15 PM EST Reads: 2,069
Dec. 2, 2016 01:00 PM EST Reads: 1,381
Dec. 2, 2016 01:00 PM EST Reads: 2,440
Dec. 2, 2016 12:11 PM EST Reads: 216
Dec. 2, 2016 12:00 PM EST Reads: 1,824
Dec. 2, 2016 12:00 PM EST Reads: 170
Dec. 2, 2016 11:45 AM EST Reads: 1,454
Dec. 2, 2016 11:30 AM EST Reads: 1,845
Dec. 2, 2016 11:30 AM EST Reads: 3,739
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 2, 2016 11:00 AM EST Reads: 401