TUNG – Tungsten Corp. Completes Financing With Magna Group

NEW YORK, NY, Feb 21, 2014 (Marketwired via COMTEX) — Tungsten Corp. (OTCQB: TUNG) (”Tungsten” or the “Company”), an exploration stage company focused on the evaluation, acquisition and development of domestic tungsten mining opportunities, is pleased to announce the closing of a common stock purchase agreement for a $3 million Equity Enhancement Program (”EEP”) with a Magna Group affiliate fund, Hanover Holdings I, LLC (the “Investor”). The EEP allows, but does not obligate the Company to issue and sell up to $3,000,000 worth of the Company’s common stock to the Investor from time to time, over the 24-month term of the purchase agreement.
http://www.publicwire.com/2014/02/21/tung-tungsten-corp-completes-financing-with-magna-group/