To fund drilling on its Black Twp. gold property near Kirkland Lake, Ont., Regal Goldfields (CDN) has arranged a private placement.
The company is issuing 80,000 units at $2.50 each. A unit consists of one flow-through share and one warrant to buy an additional flow-through share for $3 over three years.
In other news, certain Regal officers and directors have been granted 240,000 “incentive options,” exercisable for five years at $2.50 each.
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