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Re: News - Wednesday, April 14, 2010
Minco Silver Closes $3,372,975 in a Non-Brokered Private
Placement
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Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)
is pleased to announce that it has closed a non-brokered private
placement. The financing placed a total 1,972,500 Units at a price of
$1.71 per Unit for gross proceeds of $3,372,975 (the "Offering").
Each Unit consists of one (1) common share in the capital of the
Company and one-half of one common share purchase warrant (each whole
common share purchase warrant a "Warrant"). Each Warrant will entitle
the holder to purchase one common share in the capital of Minco Silver
at an exercise price of $2.15 for a period of twelve (12) months from
the closing of the Offering.
The Company will pay a 5% finders' fee in connection with a portion of
the Offering in the amount of $14,748.75 subject to the Toronto Stock
Exchange approval.
The proceeds of the Offering will be used for general corporate
purposes.
About Minco Silver
Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on
the acquisition and development of silver dominant projects. The
Company owns 90% interest in the world class Fuwan Silver Deposit,
situated along the northeast margin of the highly prospective Fuwan
Silver Belt. For more information on Minco Silver, please visit the
website at www.mincosilver.ca or contact Ute Koessler at 1-888-288-8288
or (604) 688-8002 ir@mincosilver.ca.
ON BEHALF OF THE BOARD
"Dr. Ken Z. Cai"
Chairman & CEO
The Toronto Stock Exchange does not accept responsibility for the
accuracy of this news release. Certain terms or statements made that
are not historical facts, such as anticipated advancement of mineral
properties or programs, productions, sales of assets, exploration plans
or results, costs, prices, performance are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995, and involve a number of risks and uncertainties that could cause
actual results to differ materially from those projected, anticipated,
expected or implied. These risks and uncertainties include, but are
not limited to; metals price volatility, volatility of metals
production, project development risks and ability to raise financing.
The Company undertakes no obligation and has no intention of updating
forward-looking statements.
View News Release in PDF Format:
Associated File:
http://www.mincosilver.ca/i/pdf/NR_Apr2010_PP_close.pdf
28 KB in size, approx. 6 seconds to download at 56.6Kbps
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Copyright (c) 2010 MINCO SILVER CORPORATION (MNV) All rights reserved.
For more information visit our website at http://www.mincosilver.ca/
or send mailto:info@mincosilver.ca
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Minco Silver Corp
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EN DÉVELOPPEMENT |
CODE : MSV.TO |
ISIN : CA60254C1005 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Minco Silver est une société développant des projet miniers d'argent basée au Canada. Minco Silver est en développement de projets d'argent, d'or, de plomb et de zinc en Chine, et détient divers projets d'exploration en Chine. Son principal projet en développement est FUWAN SILVER en Chine. |