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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (44)	10/29/2012 7:50:21 AM
From: Goose94	Read Replies (1) \| Respond to of 202716

Gunpoint Exploration (GUN-V) closes $1.95-million placement Oct 26, '12 - News Release Gunpoint Exploration Ltd. has closed its previously announced non-brokered private placement. Gunpoint issued a total of 3.9 million units of the company at a price of 50 cents per unit for gross proceeds of $1.95-million. Each unit consists of one common share in the capital of the company and one-half of a share purchase warrant. Each whole warrant is exercisable to purchase an additional common share for 12 months from the date of issuance at a price of 75 cents. Gunpoint paid finders' fees of $53,400 in cash and 24,000 in common shares in the company in connection with the private placement. Proceeds of the private placement will be used to finance further exploration on the company's Talapoosa gold project in Nevada and the Guatemalan El Escorpion silver property, as well as for general corporate purposes. The common shares issued pursuant to the private placement and the common shares issued to the finder are subject to a hold period that expires on Feb. 24, 2013. We seek Safe Harbor.