- Canasil Resources (CLZ) has announced a non-brokered private placement for total gross proceeds of up to $500,000
- The company will issue up to 4,000,000 units at a price of $0.125 per unit
- Proceeds will be used to fund continued drill programs on the company’s silver-gold exploration projects
- Canasil is a Canadian mineral exploration company
- Canasil Resources Inc. (CLZ) is up 4 per cent, trading at C$0.13 per share at 12:45 pm ET
Canasil Resources (CLZ) has announced a non-brokered private placement for total gross proceeds of up to $500,000.
The company will issue up to 4,000,000 units at a price of $0.125 per unit. The placement is subject to acceptance by the TSX Venture Exchange.
Each unit will consist of one common share and one half of one non-transferable share purchase warrant. Each whole warrant will be exercisable to purchase one additional common share at a price of $0.20 during the first year, increasing to $0.25 in year two following the closing of the offering.
Proceeds will be used to fund continued drill programs on the company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.
Canasil is a Canadian mineral exploration company with a strong portfolio of silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico.
Canasil Resources Inc. (CLZ) is up 4 per cent, trading at C$0.13 per share at 12:45 pm ET.