A private offering at $2 per share with la Societe en Commandite Sofimines 1987 secured Ecudor Mining of Rouyn-Noranda, Que., more than $1.1 million, the junior mining firm reports.
Ecudor (formerly La Pause Resources) recently underwent a stock consolidation, one new share for 10 old shares.
The company reports spending $4 million on exploration work during the past two years. It claims 100% of the mining rights to 15 gold properties in northwestern Quebec, including three at an advanced state.
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