Fjordland Exploration Inc. (TSX-V: FEX) reports that the final portion of the non-brokered private placement announced on August 28, 2017, has closed and 14,000,000 Units at a price of $0.10 per Unit have been issued for gross proceeds of $1,400,000, bringing the total proceeds raised from the financing to $1,700,000.
Each Unit consists of one common share and one-half of one transferable share purchase warrant, with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.20 per common share until March 27, 2019. The securities are subject to a four-month hold period and may not be traded until January 28, 2018.
No finder’s fee was paid in connection with this portion of the financing.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large scale potentially economic deposits located in Canada.
Significant copper and molybdenum intersections include: HM09: 13... READ MORE
Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased t... READ MORE
Key Highlights – Preliminary Economic Assessment Pre-Tax Net Pr... READ MORE
Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces its ... READ MORE
Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) announces the results fo... READ MORE