TransactionsCassels Brock Represents Maudore Minerals Ltd. in Its $13.5 Million Private PlacementPublished: 01/03/2012 By Adria W. Leung, Philip Long, Paul M. Stein Maudore Minerals Ltd. ("Maudore") announced on December 21, 2011, that it had completed its non-brokered private placement financing by issuing 1,607,143 units for gross proceeds of $13,500,001.20 Each Unit is comprised of one common share of Maudore, issued as a flow-through share ("Flow-Through Share"),and one-half of one common share purchase warrant, with each whole common share purchase warrant ("Warrant") exercisable at $8.40 per share for a period of 18 months, until June 21, 2013. The Flow-Through Shares and Warrants will be subject to a four-month hold period which will expire on April 22, 2012. This private placement remains subject to the final approval of TSX Venture Exchange. Cassels Brock acted for Maudore with a team that included Paul Stein (Securities and Mining), Philip Long (Securities) and Adria Leung (Securities). |