SIERRA IRON ORE CLOSES 2ND TRANCHE OF PRIVATE PLACEMENT
Sierra Iron Ore Corp. has raised $510,000 in the second tranche of its non-brokered private placement, which will comprise 1,275,000 units. Each unit will consist of one common share, issued at a deemed value of 40 cents per share, and one-half of one common share purchase warrant, which may be exercised to purchase one additional common share at a price of 55 cents within 24 months from closing. Finders’ fees will be paid to qualified parties. All securities issued are subject to a hold...
read more
