News...additional private placement
posted on
Aug 18, 2009 07:20AM
Aug. 11, 2009 (Filing Services Canada) -- Sacre-Coeur Minerals Ltd. (SCM - TSX Venture, S5N - FWB), is pleased to announce an additional non-brokered private placement to raise gross proceeds of up to CAD $1.213 million from several institutional investors. Under the terms of the private placement, the Company will offer for sale a maximum of 1,865,384 Units (the ?Units?) at CAD $0.65 per Unit.
Each Unit will consist of one Common Share of the Company and one-half of one share purchase warrant (the "Warrants"), where each whole Warrant will allow the subscriber to purchase one additional Common Share of the Company at CAD $0.85 for a period of two years from the closing date.
The Units issued upon the closing of the private placement will be subject to a 4-month hold period. The Company may, in its discretion, pay a cash finders fee of up to 7% of the total gross proceeds of the offering plus Finder?s Warrants in the amount equal to 8% of the total number of units sold in the offering. The private placement is subject to the acceptance of the TSX Venture Exchange.
It is in addition to the proposed CAD $3.25 Million private placement announced on July 9, 2009.