Arena Minerals Closes Private Placement with Chilean Mining Company Arena Minerals (TSXV AN)

Copper Company News Return to Copper Company News Directory Arena Minerals Closes Private Placement with Chilean Mining Company Tuesday December 23, 2014, 2:27pm PST

Arena Minerals (TSXV:AN) announced it has closed a private placement with a Chilean mining company totaling $425,600. The company plans to use the proceeds to advance its Atacama copper property.

According to the press release:

announces that it has completed its non brokered private placement financing (“the Offering”) with a global Chilean mining company pursuant to which the Company has issued 3,040,000 common shares of the Company at a price of $0.14 per common share for total gross proceeds of $425,600. As of the date hereof the Company has 60,817,386 common shares issued and outstanding and the Chilean mining company has acquired approximately 5% of the issued and outstanding common shares of the Company. The Company intends to use the proceeds of the Offering to further advance its Atacama copper property.

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