Having undergone management changes and having opted against buying an opal project in British Columbia, Blue Emerald Resources (VSE) is ready to begin exploring for gold.
While it reviews several properties, the junior is completing a private placement valued at between $150,000 and $200,000.
The financing will involve units individually priced at 15 cents, with each unit consisting of one share and one share purchase warrant. The purchase warrant will entitle the holder to buy another share for 25 cents.
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