Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega") is pleased to announce that it has entered into an agreement with Jennings Capital Inc., as lead agent on behalf of a syndicate of agents including Fraser Mackenzie Limited and PowerOne Capital Markets Limited (collectively, the "Agents"), in connection with a best efforts private placement offering of up to 8,196,722 units ("Units") of Mega at a price of $0.61 per Unit and up to 12,965,340 flow-through units ("Flow-Through Units") of Mega at an average price of $0.77 per Flow-Through Unit for aggregate gross proceeds of up to $15 million (the "Offering").
THUNDER BAY, ONTARIO--(Marketwire - Feb. 29, 2012) -
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