Greenstone raises project funding

Investors have exercised a series of warrants enabling Greenstone Resources (TSE) to raise $2.2 million.

The warrants were issued in conjunction with two rounds of financing completed in mid-1992. The exercise price ranged between US$1.55 and US$1.65 and resulted in the issuance of just over 1 million shares.

Proceeds will be used to develop mines in Latin America.