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.

Click here to access the entire press release ^[1]

Click here to access Premium exploration's Corporate Site ^[2]