Nine Mile Metals Closes Oversubscribed Non Flow Through Private Placement

NINE MILE METALS LTD (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") has closed the oversubscribed non-flow-through private placement financing. The company issued 12,142,174 units at a price of 1.5 cents per unit for proceeds of $182,132. The company's flow-through private placement is still open, with closing expected shortly.Each unit consists of one common share of the company and one-half common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share at a price of five cents for a period of 36 months.The proceeds raised...