Coastal Pacific Mining Corp (CPMCF)
Complements of Reuters.com finance/stock section: Latest Key Developments Coastal Pacific Mining Corp Enters Into Securities Purchase Agreement 10:04am EDT Coastal Pacific Mining Corp: (CPMCF) announced the Company has completed $1,000,000 of a $2,000,000 private financing for operations and exploration of its properties. The Company has entered into Stock Purchase Agreements with four investors to fund a total of $1,000,000 in six month convertible notes. The Purchase Agreements provide for the issuance of six month convertible notes, convertible into common shares of the Company at a price of $0.35 per share. In addition to the Shares, the Company also agreed to issue Class A Warrants exercisable into 1,428,571 shares of the Company's common stock at an exercise price of $0.40 per share and 2,857,143 shares and Class B Warrants and at an exercise price of $0.50 per share. Each of the Warrants has a five year term. The warrants have certain registration rights. ...