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Probe Mines closes private placement

February 4, 2010 @ 10:34 am In Gold Company News

Probe Mines Limited (TSX VENTURE:PRB) reported the closing of the recently announced private placement financing for gross proceeds of $250,000 consisting of the sale of 500,000 Units sold at $0.50 per Unit.

The press release is quoted as saying:

The private placement was completed with Pinetree Resource Partnership ("Pinetree") which currently owns 4,500,000 common shares of Probe representing 13.4% of the 33,566,472 issued and outstanding common shares. Upon closing of the proposed financing, Pinetree owns 5,500,000 common shares of Probe on a fully diluted basis representing 14.1% of the issued and outstanding common shares.

Click here to access the entire press release [1]

Click here to access Probe Mines Corporate Site [2]


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URL to article: http://goldinvestingnews.com/3021/probe-mines-closes-private-placement.html

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Probe-Mines-Announces-Closing-of-250000-Non-Brokered-Private-Placement-TSX-VENTURE-PRB-1111623.htm

[2] Click here to access Probe Mines Corporate Site: http://www.probemines.com/s/Home.asp

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