Toronto-based Northfield Minerals (ASE) says a private placement of 250,000 common shares to affiliate Northfield Capital (COATS) was completed recently.
According to Northfield Minerals, it has raised $420,000 from the placement of the shares to Northfield Capital plus 150,000 common shares and 400,000 common share purchase warrants taken up by a West German investor.
The warrants can be exercised at any time on or before Dec. 6, 1991, at $1.50 per common share.
As the result of this and other transactions, Northfield Minerals says it has raised more than $1.2 million in the past five months.
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