Marshall gets funding

Marshall Minerals (ASE) has raised $2 million via a private placement of flow-through shares. Marshall will issue 2,010,000 flow through shares at a price of $1 per share. The proceeds of the offering will be used to fund exploration on the company’s gold properties. All the cash must be spent by March 1. A prior deal between the company and Gold Vessel Resources (ASE) and St. Genevieve Resources (TSE) was terminated after Gold Vessel failed in its efforts to raise sufficient flow-through funding.