Redfern Resources (RFR-T) has closed a private placement that raised $502,200 for the company’s Tulsequah Chief polymetallic project in northwestern British Columbia.
The company has closed the deal for 372,000 units of a previously announced placement of 444,444 units at $1.35 each. Each unit consists of one flow-through share and one-half of a non-transferable share-purchase warrant. Each whole warrant is exercisable for the purchase of one additional non-flow-through share at $1.50 for one year from the closing date.
A 7% finders fee ($35,154) will be paid on the gross proceeds of the private placement. The balance of the placement is expected to close shortly. The proceeds will go towards funding expenditures associated with obtaining construction and operating permits at the Tulsequah Chief project.
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