Toronto-based Canadian Lencourt Mines has completed a placement with NIM and Co., Ltd. Partnership — 1987 of 1,250,000 shares on a flow-through basis, netting the company $500,000, subject to regulatory authority approval.
This latest financing increases funds available to Lencourt for 1987 exploration in Canada to $975,000.
Lencourt is focusing its exploration program on projects at Birch Lake and Manitou Lake in northwestern Ontario, and on a yet-to- be-selected third project.
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