Redfern nets $690,000 placement

A previously announced private placement of 200,000 flow-through shares by Redfern Resources (TSE) has been completed. The shares, issued at $3.45 each, netted the company $690,000 that will be used to explore the Tulsequah Chief property in northwestern British Columbia with 60% partner Cominco (TSE).

The private placement included 150,000 shares issued to Teck (TSE) while the balance was issued to a private company.

Teck has taken a total of 688,889 shares in private placements over the past year, equivalent to about 7% of the outstanding shares.