Minecorp Energy Ltd. announced that it expects to receive CAD 0.41 million in funding.
On January 13, 2015, the company announced that it has amended the terms of the transaction. The company will now issue up to 20,400,000 units at CAD 0.02 per unit for gross proceeds of CAD 408,000. The transaction will be open to all existing shareholders of the company, subject to their jurisdiction of residence. The securities being issued are subject to a hold period of four months from the date of issuance. The company will pay finders' fees in connection with the transaction.
On May 28, 2015, the company announced that the TSX Venture Exchange has granted an extension to the deadline for filing final documentation for the transaction.