News

Spearmint Proposes Private Placement

By September 7, 2016 No Comments

Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ-TSX Venture) wishes to announce that it is proposing a non-brokered private placement of up to 20,000,000 units at $0.025 per unit for gross proceeds of $500,000 (the “Offering”). Each unit will consist of one common share and one transferable share purchase warrant exercisable at $0.05 for a period of 5 years (the “Offering”), subject to approval of the TSX Venture Exchange (the “TSXV”). The Offering is being conducted in accordance with the TSXV Bulletin dated April 07, 2014 and November 17, 2014, regarding Private Placements – Discretionary Waivers of $0.05 Minimum Pricing Requirement. Proceeds of the Offering are expected to be used towards the following: (a) accounts payable and accrued liabilities; (b) exploration and evaluation of the Company’s existing mineral properties; (c) repayment of loans; and (d) general working capital. A finder’s fee may be paid in accordance with TSXV policy.

All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the TSX Venture Exchange.

Contact Information Tel: 1.604.646.6903 Fax: 1(604) 689-1733

“James Nelson”
Director
Spearmint Resources Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.