MINING MARKETS AND INVESTMENT NEWS — Juniors continue financings for work programs

The VSE has accepted for filing a non-brokered private placement of 522,419 units of Consolidated Trilogy Ventures (CTJ-V) at 31cents each, for proceeds of $162,000.

Each unit consists of one share and a 2-year, non-transferable warrant exercisable in the first year at 31cents and in the second year at 36cents.

ESM Resources (EMS-V) has amended the terms of a previously announced non-brokered special warrant financing, reducing the offering to 1.02 million special warrants at 25cents each, for proceeds of $255,000.

Each warrant will be exchangeable for a unit consisting of one share and one warrant redeemable for an additional share at 30cents in the first six months and at 40cents in the second six months.

The VSE has accepted for filing a non-brokered private placement of 632,500 units of Golden Hemlock Explorations (GHE-V) at 17cents each, for proceeds of $109,000.

Each unit consists of one share and a 2-year warrant exercisable at 17cents in the first year and at 20cents in the second year.

The VSE has accepted for filing a non-brokered private placement of approximately 2 million shares of M.I.T. Ventures (MVC-V) at 40cents each, for proceeds of $810,000.

Molycor Gold (MOR-V) has arranged a non-brokered private placement of 263,158 units and 263,518 flow-through units at 19cents each, to realize total proceeds of $100,000.

Each unit consists of one share and a 2-year warrant entitling the purchase of an additional share at 19cents in the first year or at 22cents in the second year.

Rampton Resource (RMO-V) has arranged a private placement of 735,000 units at 28cents each, for proceeds of $206,000.

Each unit consists of one share and a 2-year warrant entitling the purchase of an additional share at 28cents in the first year and at 38cents in the second year.

Uganda Gold Mining (UGM-A) has arranged a best-efforts brokered private placement of up to 900,000 special warrants at 70cents each, for gross proceeds of $630,000.

Each special warrant is exchangeable for one unit consisting of one share and one warrant redeemable for an additional share at 90cents for 12 months.

Verdstone Gold (VGC-V) has arranged a $100,000 private placement of 333,333 units, plus 333,333 flow-through units; units in both sets are 15cents each.

Each unit is comprised of one share and a 2-year warrant entitling the purchase of a further share at 15cents in the first year and at 18cents in the second year.