NEWS ROUNDUP — Francisco adds to treasury

Armed with more than $8 million from a private placement, Francisco Gold (VSE) is stepping up exploration in Mexico and Venezuela.

The placement includes 2.5 million special warrants at $3.33 each. These are exchangeable, at no charge, into one common share and one 2-year, non-transferable warrant. The warrant is exercisable at $3.33 in the first year and $3.85 in the second.