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By The Online Investor Staff, updated Mon., May. 20, 4:56 PM
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Private Placements| This Slide: #2 of 25 |
Slide #2. Acadian Mining Corporation — Private Placement
Company:
Acadian Mining Corporation (CVE:ADA.CA)
$Amount:
$900,000 (CAD)
Closed on:
3/7/2013
Private Placement Details:
Acadian Mining Corporation ("Acadian" or the "Company") is pleased to announce that it has closed the non-brokered $900,000 private placement ("Private Placement") announced on February 28, 2013. Pursuant to the Private Placement, Acadian issued 10,000,000 shares at a price of $0.09 per share for aggregate gross proceeds of $900,000. The Company intends to use the proceeds of the Private Placement to further develop its core assets and for general working capital.
Acadian Mining is engaged in the exploration, acquisition and development of gold, base metal and barite properties in Atlantic Canada. Co. is focused on developing its advanced gold properties; Beaver Dam and Fifteen Mile Stream, which form the core holdings of the Scotia Goldfields project. Acadian Mining is engaged in the exploration, acquisition and development of gold, base metal and barite properties in Atlantic Canada. Co. is focused on developing its advanced gold properties; Beaver Dam and Fifteen Mile Stream, which form the core holdings of the Scotia Goldfields project.
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