Mesa Uranium Corp [TSX-V] - Mesa Uranium Closes Private Placement
March 11, 2011 – Mesa Uranium Corp. (TSXV: MSA) (“Mesa” or the “Company”) is pleased to announce it has closed the previously announced non brokered private placement of 404,818 units (the “Units”) at a price of $1.10 per Unit for gross proceeds of $445,300. Each Unit consists of one common share (a “Share”) in the capital of Mesa and one non-transferable common share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder thereof to purchase one additional common share (a “Warrant Share”) in the capital of Mesa at a price of $1.60 per Warrant Share. The Warrants will expire 24 months from the date of issue unless the closing price of the common shares has been $2.20 or higher for 20 consecutive trading days, in which case the Warrants will expire if not exercised within 30 days. The securities issued under the Offering are subject to a four month hold period expiring July 11, 2011.
Proceeds from the Offering will be used to advance Mesa’s exploration projects and for general working capital. Certain insiders of the Company participated in the offering.
About Mesa Uranium
Mesa is exploring a portfolio of premier uranium, lithium and potash properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure.
March 11, 2011 – Mesa Uranium Corp. (TSXV: MSA) (“Mesa” or the “Company”) is pleased to announce it has closed the previously announced non brokered private placement of 404,818 units (the “Units”) at a price of $1.10 per Unit for gross proceeds of $445,300. Each Unit consists of one common share (a “Share”) in the capital of Mesa and one non-transferable common share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder thereof to purchase one additional common share (a “Warrant Share”) in the capital of Mesa at a price of $1.60 per Warrant Share. The Warrants will expire 24 months from the date of issue unless the closing price of the common shares has been $2.20 or higher for 20 consecutive trading days, in which case the Warrants will expire if not exercised within 30 days. The securities issued under the Offering are subject to a four month hold period expiring July 11, 2011.
Proceeds from the Offering will be used to advance Mesa’s exploration projects and for general working capital. Certain insiders of the Company participated in the offering.
About Mesa Uranium
Mesa is exploring a portfolio of premier uranium, lithium and potash properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure.
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