Rio Moche Exploration Inc. announced that it has received CAD 2 million in funding from Goldcorp Inc.
January 18, 2013 at 09:30 am IST
Rio Moche Exploration Inc. formerly known as Trinity Mining Holding A.G. announced that it has raised CAD 2,000,000 in funding from a new investor Goldcorp Inc on January 18, 2013. The company issued 8,000,000 common shares at CAD 0.25 per share to the investor. Warrants were also issued as a part of the transaction exercisable until five years at a price equal to the fair market value of the shares less the maximum discount allowed under the rules of the TSX Ventures Exchange. Investor acquired 15.6% stake in the company.
On January 18, 2013, Rio Moche Exploration Inc closed the transaction.