BRIEF-Corsa Coal says announces brokered private placement

Wed Oct 5, 2016 4:53pm EDT
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Oct 5 (Reuters) - Corsa Coal Corp

* Corsa coal announces brokered private placement

* Appointed Paradigm Capital, gmp securities, pareto securities as to sell shares of co at $0.10per share for gross proceeds of up to $16 million

* Net proceeds of offering will be primarily used for mine development

* Current insiders of co expected to subscribe for up to 70 million common shares at issue price for gross proceeds of up to $7 million

* All figures in c$ Source text for Eikon: Further company coverage: