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.
Be the first to comment on "Financings"