Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Merit Mining closes US$15.5 million private placement with Hong Kong Huakan Investment

Fasken
Reading Time 1 minute read Subscribe
Client

Merit Mining

On June 29, 2010, Merit Mining Corp. announced that it had closed the second tranche of a previously announced private placement by the company to Hong Kong Huakan Investment Co., Limited. The second tranche was comprised of 8,955,223 common shares, priced at $0.67 per share, for gross proceeds of $6 million. The first tranche closed on May 12 and was comprised of 19,000,000 common shares, priced at $0.50 per share, for gross proceeds of $9.5 million. Merit Mining was advised in this private placement by Blair Horn and Prentice Durbin of Fasken Martineau.

    Subscribe

    Receive email updates from our team

    Subscribe