Mono Gold Mines has completed a flow-through share issue of 500,000 shares at 60 cents per share. The private placement will provide $300,000 to the company.
The cash will fund additional exploration at the company’s gold property near Madoc, Ont. Based on almost 30,000 ft of diamond drilling completed by the company, Mono estimates reserves of 249,940 tons grading 0.446 oz gold per ton.
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