Junior exploration company Vera Cruz Minerals (VSE) reported in early July that a previously announced brokered private placement with Haywood Securities had been cancelled.
The placement was for 400,000 special warrants at a price of $2.50 per warrant.
Earlier this year Vera Cruz released impressive assay results from drilling at its gold property in New Mexico. Check assays subsequently revealed discrepancies in grade which were attributed to severe nugget effect.
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