A $1-million private placement, subject to shareholder approval, is planned by Aronos Multinational (CDN) for its gold project in the Mexican state of Sonora.
The placement will involve the issue of one million shares at $1 per share, with warrants to purchase an additional one million shares at $1.25 per share. The funds would finance an auger drill program on recently acquired ground contiguous to the company’s initial San Martin property acquisition.
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