Wabi Exploration Inc.

June 22, 2011 13:51 ET

Wabi Exploration Inc. Completes Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - June 22, 2011) - Wabi Exploration Inc. is pleased to announce that it has completed a non-brokered private placement of 2,500,000 units at a price of $0.05 per unit for gross proceeds of $125,000. Each unit is comprised of one common share and one half of a common share purchase warrant. Each whole warrant entitles the holder thereof to acquire a common share for a period of two years from the date of issuance of the warrants at an exercise price of $0.15 per share. The securities to be issued pursuant to the private placement will be subject to a four month hold period from the date of issuance of the securities. The proceeds of the private placement will be used for general working capital purposes.

Contact Information

  • Wabi Exploration Inc.
    Galen McNamara
    President and CEO
    (647) 463-0962