Vancouver-listed Eureka Resources (VSE) has negotiated a private placement of slightly more than a million shares at 17 cents per share.
The placement carried with it an option on an additional million shares exercisable at 17 cents per share up to Aug. 19, 1994, or at 20 cents from Aug. 20, 1994, to Aug. 20, 1995.
The $175,000 in proceeds will fund the first phase of the Frasergold property, east of Williams Lake, B.C.
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