Transatlantic Mining Announces Filing of Private Placement and New Financing
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July 21, 2015 TSX Venture Exchange
Trading Symbol: TCO
Vancouver, British Columbia
Transatlantic Mining Corp (TSX.V: TCO) (the “Company”) announces that it has closed subscriptions for the private placement originally announced December 29, 2014. The Company has received subscriptions under the placement for 32,007,370 common shares at $0.10, and has now filed for Exchange conditional and final approval.
The Company announces a new private placement of up to 20,000,000 units at $0.10, with each unit comprising one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase one common share at a price of $0.125, exercisable for three years from the date of closing. Cash finders’ fees of 7% may be paid to eligible parties. The proceeds of the placement will be used to further exploration on the Company’s Monitor property, to fund the potential acquisition of new properties, and for general working capital.
The placement is subject to the approval of the TSX Venture Exchange.
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About Transatlantic Mining Corp.
Transatlantic Mining Corp. is a mineral exploration company focused on becoming the next diversified industrial metal producer. The Company’s holdings include an option to earn an 80% interest in AMCOR’s Monitor Copper, Gold and Silver project in the Coeur D’Alene Mining District in Idaho.
For further information contact Rob Tindall at (604) 424 8257.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.