NEWS ROUNDUP — Soquem exercises MSV warrants

Exploration in the Chibougamau, Que., area will get an extra boost following Soquem’s decision to exercise warrants of MSV Resources (ME).

Under a $1.2 million private placement agreement signed last month, Soquem subscribed for 450,000 shares and warrants exercisable in a year’s time under certain conditions.

Instead, Soquem decided to exercise its warrants immediately to provide MSV with additional funding for an exploration program to be announced shortly.

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