Camindex Mines and MVP Exploration (1987) & Co., Limited Partnership have entered into an agreement whereby MVP will subscribe for $l,340,000 of flow-through common shares of Camindex at $1 per share. The agreement is subject to regulatory approvals and other conditions.
The funds will be used to explore gold properties in the Casa Berardi area of Quebec, in association with Dundee-Palliser Resources.
Northumberland Mines of Toronto has entered into an agreement with MVP Exploration (1987) and Co., Ltd. Partnership, under which MVP will subscribe for up to $3 million of flow-through common shares at a price of 120% of the 20-day average just prior to MVP’s first closing.
The funds will be used to further explore Northumberland’s Nova Scotia gold projects where diamond drilling and bulk sampling are now in progress. The agreement is subject to board and regulatory approval.
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