Alchemist Mining completes private placement

Alchemist Mining completes private placement

2016-11-03 12:43 ET - News Release

Mr. Keith Anderson reports
ALCHEMIST MINING CLOSES FINANCING
Alchemist Mining Inc. has completed a non-brokered private-placement financing for gross proceeds of $140,000.

Pursuant to the financing, the company has allotted and issued two million units at a price of seven cents per unit. Each unit consists of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant is exercisable by the holder to acquire one additional common share of the company for a period of two years from issuance at an exercise price of 10 cents per share. In addition, the company has paid finders' fees of an aggregate $5,250 and 75,000 finder warrants to registered dealers and an arm's-length third party. Each finder warrant is exercisable by the holder to acquire one additional common share of the company for a period of two years from issuance at an exercise price of 10 cents per share.

All securities issued pursuant to the financing subject to four-month-and-one-day hold period expiring on March 4, 2017.

http://thecse.com/en/listings/mining/alchemist-mining-inc