Though subject to regulatory approval, funds are now in place for further exploration of the Tulsequah Chief and Big Bull claims in northwestern British Columbia.
Redfern Resources (TSE) has negotiated a private placement of 400,000 flow-through shares at $2.50 each plus 870,000 non-flow-through shares at $2.30 each — all to a single buyer.
A previously announced placement of 335,000 shares has been adjusted to include 10,000 flow-through shares (as opposed to 208,500) and 325,000 non-flow-through shares (as opposed to 131,000) at $2.59 and $2.30 per share, respectively.
Redfern expects to continue drilling on the polymetallic project in June.
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