Oasis reaches financing deal

Oasis Resources has reached agreement with Ressources cmp 1987, Ressources cmp 1987 Quebec and Deductible Opportunities Funds 1987 for the financing of the Delta platinum project in northern Quebec.

The agreement, subject to regulatory approval, calls for the three funds to buy common shares of Oasis at a price above the market until a maximum of $750,000 is reached.

The Delta project will explore for platinum in the Ungava area, near Cape Smith. Oasis has an option to purchase 40% of the property from Falconbridge Ltd. by carrying out $1.75 million worth of exploration by Feb 28, 1988.


Print


 

Republish this article

Be the first to comment on "Oasis reaches financing deal"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close