Ich finde das gar nicht so schlecht:
1. der Preis ist deutlich über dem aktuellen PPS
2. jetzt hat Pele die Koffer voll um sich um die pre-feasibility studies und weiteren Bohrungen zu kümmern.
3. die Optionen/Warrants sind erst in 18 Monaten ausübbar - wer immer dort eingestiegen ist hat auch eine Long-view
Pele Mountain Announces Closing of Financing
Symbol: GEM
Listing: TSX Venture Exchange
Common Shares Outstanding: 67,771,860
Website: http://www.pelemountain.com
FOR IMMEDIATE RELEASE
March 13, 2007 - Toronto - Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Offering") to three (3) arm's length subscribers for an aggregate of 2,610,000 flow-through units in the capital of Pele (each a "Unit") at a purchase price of $1.15 per Unit for gross proceeds of $3,001,500. Each Unit is comprised of one (1) common share (each a "Share") on a flow-through basis (as that term is defined in the Income Tax Act (Canada)) and one half (1/2) non-transferable Series Z purchase warrant (each a "Series Z Warrant") issued for nominal consideration, where each whole Series Z Warrant is exercisable for a period of eighteen (18) months after closing to purchase one (1) additional common share of Pele at a purchase price of $1.35 per share. The securities underlying the Units, including the Shares and Series Z Warrants issued on closing and the common shares issuable upon due exercise of the Series Z Warrants, will all be subject to a 4 month statutory hold commencing from the date of issuance. There are no commissions or finder fees payable in connection with the Offering. The Offering is subject to TSX Venture Exchange acceptance of requisite regulatory filings.
All proceeds raised under this Offering will be used by Pele to finance qualified Canadian exploration and development expenditures on its Canadian resource properties. All costs associated with the Offering will be paid by the Corporation from its general funds.
Currently, Pele has 67,771,860 common shares issued and outstanding. Following the closing of the Offering, Pele will have 70,381,860 common shares issued and outstanding.
About Pele Mountain Resources
Pele Mountain Resources is focused on the advancement of its 100-percent owned Elliot Lake uranium project in northern Ontario. The Elliot Lake project hosts a NI 43-101 compliant mineral resource of 33 million pounds of U3O8 with very good potential to increase the mineral resources on the property, according to a Technical Report authored by Scott Wilson Roscoe Postle Associates Inc.
The Elliot Lake mining camp was once known as "the uranium capital of the world" and has produced more than 270 million pounds of U3O8 from stratigraphically-bound deposits that demonstrate remarkable consistency over extensive areas. The uranium market is currently experiencing a strong upward price trend due to uncertain supply and increasing global demand.
Pele also holds a diverse portfolio of gold, diamond, and base metal projects located across northern Ontario, including the Highland project where drilling has outlined several high-grade, narrow-vein gold zones within an historic mining camp. Through project generation and mineral discovery, Pele provides shareholders with exposure and leverage to the increasing global demand for natural resources. Pele stock trades on the TSX Venture Exchange under the symbol "GEM".
For further information please contact Al Shefsky, President, at (416) 368-7224, or visit the Pele website at http://www.pelemountain.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
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