Fjordland Minerals (FMI-V) has arranged a private placement with Canaccord Capital of up to 2.5 million units at 25 cents each, for gross proceeds of $625,000. Each unit will consist of one share and half a non-transferable share purchase warrant. One whole warrant entitles the holder to buy an additional share at 30 cents during the first year and at 40 cents in the second year. The junior is exploring for diamonds in Greenland.
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