Vancouver, British Columbia: Odin Mining and Exploration Ltd. (the "Company")
is pleased to announce that it has closed its non-brokered private
placement of 13,636,364 common shares for gross proceeds of
CDN$3,000,000 as previously announced in its news release dated August
7, 2015. The proceeds will be used for the payment of its obligations
for its mineral concessions and for general working capital purposes.
The Company paid cash finder's fees in the aggregate of CDN$18,240 in
connection with the private placement.
Certain directors and insiders of the Company participated in the
Private Placement by acquiring an aggregate of 4,234,780 common shares.
The shares represent approximately 3.18% of the Company's currently
issued and outstanding shares.
|Odin Mining & Exploration Ltd
Signed: "Marshall Koval"
Marshall Koval, President & CEO
For further information contact:
Lyle Braaten, VP Legal Counsel
T: +1 604 646 1889
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