Cypango Ventures (cav-v) has arranged a brokered private placement of up to 5 million special warrants at a price of 40 cents per warrant.
Each special warrant will be exchangeable into one common share and one non-transferable 2-year warrant, entitling the purchase of one additional share at a price of 40 cents during the first year, or 50 cents if exercised in the second year.
The company is carrying out till-sampling surveys to define potential kimberlite targets on a number of its properties in the Northwest Territories.
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