Saint Jean Carbon Closes Flow Through Private Placement of $400,000

Saint Jean Carbon Inc. (TSXV:SJL) announced the close of a non-brokered private placement of Flow-Through Units. This first closing was for gross proceeds of $400,000, consisting of 8,000,000 Flow-Through Units at a price of $0.05 per Flow-Through Unit.

As quoted in the press release:

Each Flow-Through Unit was comprised of one (1) Flow-Through Common Share at a price of $0.05 per share and one-half (0.5) of a Warrant. Each whole Warrant is exercisable into one Common Share of the Company at a price of $0.10 for a period of eighteen (18) months from the closing of the Unit Offering. The Company anticipates closing the balance of the Offering on or before March 17, 2014.

Click here to read the Saint Jean Carbon Inc. (TSXV:SJL) press release
Click here to see the Saint Jean Carbon Inc. (TSXV:SJL) profile.