Premium Exploration Inc. (TSX VENTURE:PEM) reports that the terms of the private placement announced on September 11, 2009 has been amended.
The press release is quoted as saying:
Under the terms of the amended offering, Premium intends to raise up to $2,800,000 through a non-brokered private placement of 14,000,000 Units at $0.20 per Unit. Each Unit will consist of one Common Share and one non-transferable Share Purchase Warrant. Each Share Purchase Warrant will be exercisable at a price of $0.30, for a period of 18 months from the closing date of the financing. The securities are subject to a four-month hold period.
