A proposed financing arrangement would allow
The financing has two components. The first calls for the issuance of “A” units, 80% of which will be flow-through shares; the remainder, common shares. The “B” component consists of common shares priced at 15 cents each and purchase warrants priced at 20 cents each.
The arrangement is expected to raise a maximum of $2.2 million for work at three properties.
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