Mincom Capital Inc.
TSX VENTURE : MOI

Mincom Capital Inc.

August 05, 2014 14:08 ET

Mincom Capital Inc. Announces the Closing of a Private Placement

OTTAWA, ONTARIO--(Marketwired - Aug. 5, 2014) -

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Mincom Capital Inc. (TSX VENTURE:MOI) ("Mincom"), is pleased to announce the closing of a non-brokered private placement (the "Offering") of units (the "Units") for total gross proceeds of $100,000. Each Unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to acquire one (1) additional common share of the Company at a price of $0.50 until August 1st, 2016. Under the Offering, Mincom issued 625,000 Units at a price of $0.16 per Unit.

La Société d'investissement dans la diversification de l'exploration ("SIDEX") participated in the Offering for the whole $100,000 (625,000 Units) under the"Field Action 2014" program. The mission of SIDEX is to invest in companies engaged in mineral exploration in Quebec in order to diversify Quebec's mineral base and open new territories. Field Action 2014 is a new $3-Million financing program recently launched by SIDEX to encourage junior mineral exploration companies to pursue field work in Québec, hire young professionals, employ service companies, and make new discoveries in 2014.

The securities issued under the Offering are subject to a four month hold period ending on December 2, 2014. The Offering is subject to final approval from the TSX Venture Exchange. The proceeds from the Offering will be used by Mincom to advance its exploration projects within Quebec.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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