![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Superior Mining International Corporation | TSXV:SUI | 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% | 0.19 | 0.19 | 0.20 | 0 | 01:00:00 |
Superior Mining International Corporation (TSX VENTURE:SUI) (the "Company"), wishes to announce that it intends to arrange a private placement (the "Private Placement") of unsecured convertible notes (the "Notes") to raise gross proceeds of up to $200,000. The lenders may convert all or a portion of the Notes at any time into common shares (the "Conversion Shares") of the Company at $0.10 per share. The principal amount and all accrued and unpaid interest will be payable 12 months from closing, or earlier upon certain stated events. The Notes will accrue interest at 12% per annum. Interest may be paid in cash or shares at the option of the Company. Any shares issued to pay interest ("Interest Shares") will be issued at the market price at the time of payment. Purchasers of the Notes will also receive detachable share purchase warrants (the "Warrants") entitling them to purchase up to a total of 2,000,000 common shares of the Company (each a "Warrant Share") exercisable at a price of $0.10 per Warrant Share for one year from the date of the closing of the Private Placement. The financing is subject to the acceptance of the TSX Venture Exchange. The Notes and Warrants and any Conversion Shares and Interest Shares issued will be subject to a four month hold period. Certain insiders of the Company intend to participate in the financing. The proceeds of the Private Placement funds are to be used for working capital. On behalf of the Board of Directors of Superior Mining International Corporation Brent Butler, President and Chief Executive Officer THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE INC. DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. FOR FURTHER INFORMATION PLEASE CONTACT: Superior Mining International Corporation Brent Butler President and Chief Executive Officer (604) 601-2005 (604) 488-0319 (FAX) www.superiormining.com
1 Year Superior Mining Chart |
1 Month Superior Mining Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions