A private placement of 100,000 shares of capital stock at a price of $1.50 has been completed by Minefinders Corp. (VSE) with Fordel Holdings. The placement is part of a $450,000 financing arranged by Minefinders for its continuing exploration programs in western Quebec. Two placements of flow- through shares with CMP totalling $300,000 have also been finalized subject to regulatory approval.
The funds will be spent on immediate follow-up drilling on the company’s Dubuisson Twp. property which is adjacent to both the Goldex and Joubi gold deposits where underground exploration is under way.
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