Pacific Trans closes $4.2 million financing

A total of $4.2 million has been raised by Pacific Trans-Ocean Resources, the company says. Approximately $1.4 million was raised via the issue of flow-through shares. Another $2.8 million came from a private placement completed in April. The funds will be used on gold exploration programs, of which $1.1 million will go towards Pacific’s 50%-owned Ketza River property in the Yukon.