Plans are afoot to reactivate Lyndex Explorations (CDN). Subject to regulatory approvals, the company plans to offer by way of a private placement 400,000 treasury shares on a flow-through basis at 15 cents per share. As well, if shareholders approve at an upcoming annual meeting, an additional 600,000 treasury shares will be offered on a flow-through basis at 20 cents per share.
These funds would be used for prospecting in Canada and the examination of foreign exploration and mining opportunities, as well as for administrative purposes, according to President J.P. Sheridan.
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