Cabot Creek Mineral Corporation, newly listed on the Canadian Dealing Network, has raised more than $200,000 in its initial public offering.
The funds will be used to explore and develop a gold prospect in southeastern Ontario. Cabot Creek can earn a 60% interest in the property, where diamond drilling will soon get under way.
In other news, certain officers and directors of the company have been granted 270,000 options, which are exercisable for five years at 25 cents.
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