Trading Symbol: JSP (TSX-V)
CALGARY, Jan. 23 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased to announce that it has completed the non-brokered private placement announced in its news release of November 13, 2008.
The Corporation issued 490,000 flow-through units ("FT Units") at a price of $0.28 per FT Unit for gross proceeds to the Company of $137,200. All of the securities issued pursuant to this private placement are subject to a hold period which expires on May 1, 2009.
First Merchants Corporation received a cash commission of $8,220.00. Further, 19,600 finders options were issued to First Merchants Capital Inc.. The finder's options are exercisable at a price of $0.50 with an expiry date of June 30, 2010. The finder's options are subject to a hold period which expires May 1, 2009.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacyor accuracy of this release.