Pistol Bay Mining (TSX.V-PST) has amended the terms of the financing announced October 25th, 2016.
the Company has arranged a non-brokered private placement of up to 10,000,000 units for total proceeds of up to $810,000. Up to 4,500,000 units will be issued as non flow-through units at a price of $0.07 per unit consisting of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per share for 18 months from the date of closing. Up to 5,500,000 units will be issued as flow-through units at a price of $0.09 per unit consisting of one common share and one-half of one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 per share for 18 months from the date of closing. Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.
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