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Gold/Mining/Energy : Canadian Diamond Play Cafi
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To: WillP who wrote (451)1/7/2003 8:51:08 AM
From: Famularo  Read Replies (1) of 16206
 
Twin Mining raises $3.3-million in 2002

Twin Mining Corp TWG
Shares issued 73,404,344 Jan 6 close $0.40
Tue 7 Jan 2003 News Release
Mr. Hermann Derbuch reports
TWIN MINING RAISES $3.3 MILLION IN 2002 FLOW-THROUGH FINANCINGS
Twin Mining Corporation has raised a total of $3.3-million in flow-through
financings completed during 2002. Twin Mining sold 6.51 million
flow-through units at a price of 50 cents per unit, with each unit
consisting of one flow-through common share and one-half common share
purchase warrant. Each whole warrant entitles the holder to purchase one
additional common share at a price of $1.00 for two years. Members of
management of Twin Mining also purchased 90,000 flow-through common shares
at 50 cents per share for total proceeds to Twin Mining of $45,000. As a
result of subscriber demand, the issue exceeded the planned offering of
$2-million (four million units).
The proceeds of the financings will be used primarily to advance Twin
Mining's exploration of its Jackson Inlet diamond property.
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