Nova Scotia-based Mispec Resources (ME) has completed a private placement of 1.5 million units priced at 25 cents each.
Maximum proceeds of $375,000 will be used to finance winter drilling on the Cape Spencer gold property in New Brunswick, and to fund a feasibility study of a joint venture with Gordex Minerals (CDN).
Mispec can earn a half interest in Gordex’s Cape Spencer claims by spending $1.6 million.
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