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Canadian Spirit Resources Opens Private Placements

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May 28, 2014

Canadian Spirit Resources Inc. (TSXV: SPI.V) said on May 26 that it undertook two concurrent nonbrokered private placements of common units and shares.

One was for 6 million units priced at 50 cents each for total gross proceeds of C$3 million, the company said. The other was for 20 million flow-through shares, also priced at 50 cents each, for total gross proceeds of $10 million, the company added.

The 6 million units in the first placement each consisted of one common share and one-half of a share purchase warrant, Canadian ...

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