August 18, 2010
MacDonald Mines Exploration Ltd. (“MacDonald”) (TSX-V: BMK) completed a private placement of 15,357,894 units at a price of $0.19 per unit for gross proceeds of $2,918,000. Each unit is composed of one flow-through common share and one half of one common share purchase warrant. Each full warrant entitles the holder to purchase one common share of MacDonald for $0.25 and expires 24 months following closing.
Wildeboer Dellelce LLP acted for MacDonald with a team that included Al Wiens and Colin Grosskurth (corporate/securities).