Junior Gold City Mining (VSE) is financing further exploration work on its WelBar Gold project in central British Columbia.
The company raised more than $335,000 through a private placement of units priced at 18 cents each.
A unit consists of a share plus a warrant exercisable at 25 cents in the first year and 30 cents in the second.
Gold City holds options on several properties in the Wells-Barkerville area of British Columbia and is working to define sufficient gold reserves to support a mill.
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