Queenston said proceeds of the financing have been earmarked for the Inco Gold/Queenston joint venture gold project at Kirkland Lake, Ont.
In other news, Queenston affiliates HSK Minerals (TSE) and Joutel Resources (TSE), have also entered into agreements with CMP to subscribe for $150,000 in flow-through financing this year.
Both Joutel and HSK are directing the proceeds to properties at Mishibishu Lake and Mine Centre, Ont.
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