StoneShield Closes Final Tranche of Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/10/11 -- StoneShield Capital Corp. (TSX VENTURE: STS) ("StoneShield" or the "Company") is pleased to announce that it has received approval for and closed the second and final tranche of the non-brokered private placement referenced in the Company's news release dated July 29, 2011.
The second tranche consisted of 2,416,323 Units sold for gross proceeds of $422,856.56.
Finder's fees of $6,300.00 representing an eight percent cash commission were paid, and 36,000 finder's warrants representing eight percent of the number of securities sold by finders were issued in connection with this tranche of the private placement. Each non-transferrable finder's warrant entitles its holder to acquire one common share of the Company for 24 months following the closing date of the tranche, at a price of $0.25 for the first 12 months and $0.35 for the ensuing 12 months.
The securities issued by the Company pursuant to this tranche of the offering are subject to a four-month hold period from the tranche's closing date, as prescribed by the TSX Venture Exchange and applicable securities laws.
The overall offering consisted of two tranches, in which an aggregate of 6,306,082 Units were sold for gross proceeds of $1,103,564.36 (increased from $1,050,000.00).
StoneShield is a publicly traded exploration company focused on the discovery of high-value precious metals deposits in North and South America. StoneShield's experienced management team boasts multiple discoveries, and brings over 145 years of combined experience in the mining and exploration sector. For more information, please visit the Company's web site address at .
ON BEHALF OF THE BOARD OF DIRECTORS OF STONESHIELD CAPITAL CORP.
Toma Sojonky, Director
Neither 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.
Contacts:
StoneShield Capital Corp.
Benjamin Curry
Investor Relations
(604) 569-0799 or Toll Free: 1-877-689-2881
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Datum: 10.08.2011 - 14:48 Uhr
Sprache: Deutsch
News-ID 1029523
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Mining & Metals
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