| MDN Announces Closing of Private Placement | |
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MONTREAL, QUEBEC--(Marketwired - Jul 15, 2014) - MDN Inc. (MDN.TO) (the "Company") has completed a private placement by issuing a total of 7,363,464 units at a price of 5.5 cents per unit and 5,066,825 flow-through shares at 7.5 cents per share, for total proceeds of $785,000. The securities issued in the private placement are subject to a four-month hold period expiring on November 15, 2014. Each common share unit will comprise one common share and one-half of a common share purchase warrant. No warrant will be issued with the flow-through shares. Each whole common share purchase warrant will entitle the holder to purchase one common share of MDN at a price of 11 cents until July 14, 2016. MDN will use the private placement proceeds to finance its exploration plan on the Samaqua project located south-east of niobium-tantalum Crevier project, as announced on June 18, 2014 press release Company insiders subscribed for $155,000. The offering was carried on a private-placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. No commission or finder's fees were paid. About MDN (MDN.TO) |
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : MDN.TO |
ISIN : CA55276L1040 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
MDN. is a gold and copper producing company based in Canada. MDN. holds various exploration projects in Canada. Its main asset in production is TULAKAWA MINE in Tanzania and its main exploration properties are LAC SHORTT, DES MÉLOIZES, CLAIRY, LE TAC, LESPERANCE, MATAGAMI, MCGOLD and CREVIER in Canada and IKUNGU in Tanzania. MDN. is listed in Canada. Its market capitalisation is 2.1 millions as of today (US$ 1.6 millions, € 1.5 millions). Its stock quote reached its highest recent level on October 11, 1996 at 2.15, and its lowest recent point on December 24, 2015 at 0.01. MDN. has 47 442 200 shares outstanding. |