A financing agreement has been worked out between Lyon Lake Mines and Lyon Lake Partnership (1988) and Co., Ltd. whereby the former will receive $8,285,000 through the issuance of 8,285 units, each unit consisting of common and flow-through shares and warrants.
Lyon Lake says most of the money will go towards exploration work on the Mosquito gold property in Brtish Columbia, where the company has an option to acquire a 50% interest.
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