Coastal Pacific Mining Corp (CPMCF)
Complements of Reuters.com finance/stock section:
Latest Key Developments
Coastal Pacific Mining Corp Enters Into Securities Purchase Agreement
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.
This is another opportunity for those shorters to get back in and capitalize at the same level the stock was at a month ago. Don't miss this golden opportunity!!! As you already know this is a hot sector to invest a good chunk of change into and CPMCF is the stock to line your pockets. Remember that the target price is projected to be around $1.40 pretty soon!!!! Get in on this good deal now and you have some serious upside potential.
Good luck and happy trading!!!!!!!
Latest Key Developments
Coastal Pacific Mining Corp Enters Into Securities Purchase Agreement
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. This is another opportunity for those shorters to get back in and capitalize at the same level the stock was at a month ago. Don't miss this golden opportunity!!! As you already know this is a hot sector to invest a good chunk of change into and CPMCF is the stock to line your pockets. Remember that the target price is projected to be around $1.40 pretty soon!!!! Get in on this good deal now and you have some serious upside potential.
Good luck and happy trading!!!!!!!
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