HSK plans to raise $6 million

HSK Minerals has entered into private placement agreements which will raise a total of $6 million. A portion of the funds will be used to pay for hsk’s share of the 41% control interest in Queenston Gold Mines, acquired from the Canadian Imperial Bank of Commerce. Partner Joutel Resources will share the Queenston interest with hsk. The hsk offering consists of up to five million units consisting of one common share and one warrant. Two warrants and $1.50 enable the holder to purchase one common share within one year. The units are priced at $1.20 each. Hsk plans to close the deal before month end.