A financing plan among Newfields Minerals (TSE), St. Genevieve Resources (TSE), and private investors, involving proceeds of $1.25 million for Newfields, has been cancelled. In addition, the 1- for-4-share consolidation announced on the same date, Feb. 26, will not proceed. The plan was denied regulatory approval for the pricing of the private placements, and, due to changes announced in the federal budget, the Canadian Exploration Incentive Program funding for the proposed placements could not be guaranteed.
Be the first to comment on "Newfields funding cancelled"