Goldpost Resources (TSE) says it has entered into an agreement with 1988 Can-Tax Minerals Limited Partnership whereby the latter has agreed to fund a minimum of $825,000 and a maximum of $1 million of qualified expenditures for 952,381 flow-through common shares of Goldpost. The private placement includes warrants which can be exercised into an equal number of shares by May 15, 1989, and expiring Sept 15, 1989.
Proceeds will be used for exploration on Goldpost’s Hislop property in northeastern Ontario.
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