Junior Greater Lenora Resources (TSE) has completed a private placement of 2.9 million special warrants valued at $2.55 each for gross proceeds of more than $6.5 million.
Each special warrant allows the holder to acquire a common share and half a common share purchase warrant. A purchase warrant entitles the holder to buy a common share for $2.75 on or before Aug. 12, 1995.
The company’s working capital has risen to $10.4 million from $3.5 million.
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