Starmin plans warrant offering

Toronto-based Starmin Mining (TSE) says it has negotiated an agency agreement with Yorkton Securities for a private placement of 312,500 special warrants at 72 cents per warrant, on a best efforts basis.

Each special warrant will allow the holder to acquire one unit consisting of one common share of Starmin and one purchase warrant; each purchase warrant will entitle the holder to purchase one common share at 90 cents up to 18 months from the date of closing of the offering.

The proposed financing is subject to regulatory approval.