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HMI Hinterland Metals Inc.

0.15
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hinterland Metals Inc. TSXV:HMI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.15 0.145 0.18 0 01:00:00

Hinterland Closes First Tranche of Private Placements

27/05/2014 9:05pm

Marketwired Canada


Hinterland Metals Inc. (TSX VENTURE:HMI) ("Hinterland" or the "Company")
announces the closing of a non-brokered flow-through private placement offering
(the "Flow-Through Offering"). In total, Hinterland issued 2,900,000
flow-through common shares at a price of $0.05 per share for proceeds of
$145,000. An insider of Hinterland participated in the Flow-Through Offering for
$10,000. Hinterland may raise up to $225,000 under the current Flow-Through
Offering and additional insiders may subscribe to the Flow-Through Offering. 


Hinterland also closed a non-brokered private placement offering (the
"Offering") of 1,800,000 units (the "Units") at a price of $0.05 per unit for
gross proceeds of $90,000. 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
May 27, 2016. Insiders of Hinterland participated in the Offering for a total of
$45,000. Hinterland may raise up to $175,000 under the current Offering and
additional insiders may subscribe to the Offering. 


The securities sold under these private placements are subject to a four month
hold period ending September 28, 2014. Hinterland paid total finder's fees of
$12,600 in cash. The Offering and Flow-Through Offering are subject to final
approval from the TSX Venture Exchange. The proceeds from the private placements
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.


Shares issued: 29,694,614

FOR FURTHER INFORMATION PLEASE CONTACT: 
Hinterland Metals Inc.
Mark Fekete
President and CEO
1-819-354-5244
info@hinterlandmetals.com
www.hinterlandmetals.com

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1 Year Hinterland Metals Inc. Chart

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