Lysander Minerals arranges $450,000 financing
2009-05-26 12:48 ET - News Release
Ms. Kim Evans reports
PROPOSED PRIVATE PLACEMENT
Lysander Minerals Corp., subject to regulatory approval, proposes to issue up to three million units at a price of 15 cents per unit via a non-brokered private placement to raise gross proceeds of up to $450,000. Each unit will comprise one common share and one share purchase warrant entitling the holder thereof to purchase an additional common share at a price of 15 cents for a period of two years.
Proceeds of the placement will be applied to costs related to the Verticalnaya anthracite mine, other resource investments and for general working capital.