Toronto-based Eden Roc Mineral (ASE) has raised a total of $300,000 by way of a private placement to a European institutional investor. The placement involved 600,000 shares at a price of 50 cents per share. Eden Roc says a substantial portion of the proceeds will be expended on the company’s Ivory Coast gold property, which is currently being brought into production. The remainder of the funds will be used for working capital.
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