Naneco funds for U.S. bet

Alberta-listed Naneco Resources has recently entered into an agreement with underwriter Richardson Greenshields of Canada for the public distribution to a common share equity financing of up to $15 million on the Toronto Stock Exchange. Proceeds from the financing will be used for the development of Naneco’s 100% working interest in the Johnson Gulch gold deposit in South Dakota and the company’s Longstreet gold deposit in Nevada. Proceeds will also be used for continued exploration work on these properties and other Nevada precious metal prospects owned by Naneco.