An arrangement to finance a $3-million exploration program during 1987 by placement of flow- through common shares to three funds has been announced by Wrightbar Mines.
The funds involved are CMP 1987 Resource Partnership and Co., Ltd.; CMP 1987 (Quebec) Resource Partnership and Co., Ltd.; and, Deductible Opportunities Funds 1987 Mineral Ltd. Partnership.
The program will explore the zone indicated by sulphur drilling approximately 2,000 ft west of the east zone recently explored by Belmoral Mines on Wrightbar’s Bourlamaque Twp. property, Abitibi, Que.
Belmoral, which controls Wrightbar, will carry out the program under an operating agreement entered into Feb 25, 1986.
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