Financings

Ecstall Mining (EAM-V) has arranged a best-efforts brokered private placement of up to 1.33 million units at 31cents per unit, for net proceeds of $360,000.

Each unit consists of one share and half of a warrant, with each full warrant redeemable for an additional share at 40cents for one year.

Archangel Diamond (AAD-V) has closed the second tranche of a public offering consisting of 2 million shares at $1 each, for gross proceeds of $2 million.

Total gross proceeds, including this closing and the first tranche, which closed on March 5, are just under $3.5 million.

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