Regal Goldfields has negotiated a private placement of 90,000 flow- through shares as $2 per share to fund exploration on the two claim blocks it holds near Lac St. Jean. Another private placement of flow- through shares worth $60,000 will be used to explore claims near Kirkland Lake, Ont. Regal traded at $1.20 to $1.05, gaining 5 cents on the week on a volume of 20,500.
Force Resources was de-listed from the VSE in July after the exchange ordered an independent review of Force’s assay results from its Nevada claims. It has since been trading over the counter. Force closed up 45 cents from last week and traded in a range of $2.25-$1.60 on 101,000 shares.
Trading more than 100,000 shares in a range of 85 cents -81 cents was Atlantic Goldfields. The issue ended the week just 1 cents off of last week’s close.
Sungold Resources was another active issue with volume of 137,460. Sungold has a gold-platinum property in Falconbridge Twp. near Sudbury. It traded in a range of $1.20-$1.45.
A $358,600 exploration program is under way on claims held by July Resources near Pickle Lake, Ont. Recent grab samples from quartz mineralization on the property yielded assays of 0.86, 0.26 and 0.11 oz gold per ton. July traded 6,050 shares in a range of $2.05-$1.85.
Teco Mines recently picked up a 50-claim property near Lac St. Jean, Que., in La Trappe Twp. The bid for Teco was 45 cents , the ask 60 cents .
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