MGP-V All FT financing
Mega Precious Metals Announces Pricing of Best Efforts Flow-Through Private Placement
THUNDER BAY, ONTARIO--(Marketwired - Dec. 10, 2013) - Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega" or the "Company") is pleased to announce that it has priced, together with Paradigm Capital Inc., the lead agent on behalf of a syndicate of agents (collectively, the "Agents"), its previously announced best efforts private placement (the "Offering"). Pursuant to the Offering, the Company will issue up to 12,500,000 common shares of the Company that are "flow-through shares" within the meaning of the Income Tax Act (Canada) (each, a "Flow-Through Share") at a price of $0.12 per Flow-Through Share for aggregate gross proceeds of up to C$1,500,000. The Agents will also have the option (the "Agents' Option") to purchase such number of Flow-Through Shares as is equal to 15% of the number of Flow-Through Shares issued pursuant to the Offering. The Agents' Option is exercisable by the Agents up to 48 hours prior to the closing of the Offering.
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