Exall closes rights offering

After having sold 2.5 million units, Exall Resources (TSE) has closed its rights offering.

Proceeds from the units, which consisted of one common share and one-half share purchase warrant, totalled $1.27 million.

Each whole purchase warrant will entitle the holder to acquire one common share at 75 cents for a period of 12 months.

Exall’s activities are focused on copper-gold projects in Mexico and diamond-gold projects in Guyana. The firm’s Santo Tomas

copper property in northwestern Mexico is one of the largest known copper deposits in the world, with reserves exceeding 1 billion tonnes.

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