NEWS ROUNDUP — Greenstone raises project funds

A $5.5-million equity financing involving European institutional investors was completed recently by Greenstone Resources (TSE). The financing, part of a larger offering, was arranged by Middlefield International of London acting as lead agent.

This latest tranche of the offering consisted of units comprising one common share of Greenstone and one-half of a share purchase warrant priced at US$1.40 per unit. The warrant entitles the holder to acquire one common share of Greenstone for US$1.65 in the two years following closing. Greenstone recently traded in the $2 range.

Proceeds will go towards Greenstone’s Latin American mine development activities.