Starmin placement (November 18, 1991)

Starmin Mining (TSE) said it has entered into a 2-stage private placement, subject to regulatory approval, with Craig Arnott worth almost $390,000.

The first stage, worth an aggregate $156,750, will consist of 165,000 common shares and warrants to acquire the same number of shares at 95 each within one year. The second stage, worth $232,000, will consist of 160,000 shares and warrants to acquire the same number of shares at $1.45 per share within one year.