Elgin Mining Announces Closing of Private Placement Financing
VANCOUVER, Nov. 29, 2011 /CNW/ – Elgin Mining Inc. (“Elgin Mining”) (TSX-V: ELG) is pleased to advise the completion of the previously announced flow-through private placement (see News Release No . 2011-12 dated November 7, 2011). The Company has issued 6,428,571 flow-through common shares (the “Flow-Through Shares”) at a price of $1.40 per Flow-Through Share for aggregate gross proceeds of $9 million (the “Offering”).