BRIEF-Moneta Porcupine Mines announces C$7.0 million bought deal private placement

Tue Aug 16, 2016 4:41pm EDT
 
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Aug 16 (Reuters) - Moneta Porcupine Mines Inc

* Moneta Porcupine Mines Inc. announces C$7.0 million bought deal private placement

* Says underwriters agreed to purchase 15.2 million flow-through units at a price of $0.395 per FT unit

* Says underwriters to purchase 3.3 million units at a price of C$0.30 per unit

* Net proceeds from sale of units will be used to fund exploration and development of co's mineral properties, among others Source text for Eikon: Further company coverage: