Clarmin Explorations Inc. has filed its final prospectus in connection with its proposed initial public offering (IPO) of 3,500,000 common shares at a price of $0.10 per share for gross proceeds of $350,000.
Haywood Securities Inc. acts as sole agent for the offering. Northwest Law Group and Miller Thomson LLP act as legal counsels to Clarmin and the agent respectively.
Clarmin Exploration is engaged in the acquisition and exploration of mineral properties. The company currently has an option to acquire a 100% undivided interest in the Arlington Property from Explorex Resources Inc. (CSE: EX).
Comprising of three contiguous mineral claims covering approximately 649.31 hectares, the Arlington Property is located in the Arrow Boundary District of south-central B.C. and covers ground just north of the historic Beaverdell Mining camp and the past producing Carmi mine. The project hosts 10 Minfile occurrences that are associated with structurally controlled polymetallic Ag-Cu-Pb-Zn +/- Au veins.
photo credit: Clarmin Exploration