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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

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Message: 17.49-million-FT-sha... private placement -Pathway Mining 2008 (Oct. 24, 2008)

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17.49-million-FT-sha... private placement -Pathway Mining 2008 (Oct. 24, 2008)

posted on Jan 20, 09 08:05AM

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 24, 2008.

Number of shares: 17,492,140 flow-through shares

Purchase price: Five cents per share

Warrants: 8,746,070 share purchase warrants to purchase 8,746,070 shares

Warrant exercise price: 15 cents for a one-year period; 20 cents in the second year

Insider participation: Mineral Fields 2008-V Super Flow-Through LP, 12,492,140; Pathway Mining 2008-II Flow-Through LP, five million

Finder's fee: 874,607 units and 1,749,214 finders' options convertible into one unit at five cents for a one-year period payable to Limited Market Dealer Inc. Each unit is convertible into one common share and one-half share purchase warrant. Terms of the warrants are same as above.

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