Windarra Minerals Ltd. (WRA.V) Announces Closing of Brokered Private Placement
23 Dezembro 2010 - 5:40PM
Marketwired Canada
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UNITED STATES
Windarra Minerals Ltd. (the "Company") (TSX VENTURE:WRA) is pleased to report
that it has closed a previously announced (November 23, 2010) brokered private
placement (the "Offering") with Pollitt & Co. Inc. consisting of 3,044,500
flow-through shares sold at a price of $0.20 per share for gross proceeds of
$608,900 and 2,000,000 non-flow-through shares sold at a price of $0.15 per
share for gross proceeds of $300,000. The shares are subject to restrictions on
resale to April 24, 2011. Pollitt & Co. Inc., as agent, received a cash
commission equal to 6% of the gross proceeds from the sale of the Offering
payable in cash plus the agent's expenses.
Proceeds from the Offering will be applied to a drilling/exploration program on
the Company's Mishi leases located in the Mishibishu area in Ontario, and for
general working capital.
On behalf of the Board of Directors
John Pallot, President
Windarra Minerals Ltd. (TSXV:WRA)
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