Yorkton Securities has been retained by Fairbanks Gold (VSE) to complete a private placement of a minimum of 350,000 units at $5 per unit. The units will include one share and a share purchase warrant. Two warrants allow the holder to buy one share at $5.25 during the first six months increasing to $5.75 for the balance of the 1-year life.
Fairbanks is continuing to search for a buyer for its 51% interest in the Fort Knox gold property near Fairbanks, Alaska.
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