- Fjordland (FEX) has closed the first tranche of its C$1.3M non-brokered private placement
- The company raised $714,504.96
- It will use the proceeds to explore its Renzy Nickel-Copper Project in Quebec
- Fjordland Exploration is a mineral exploration company focused on the discovery of large-scale economic metal deposits in Canada
- Fjordland (FEX) is unchanged trading at $0.11 per share
Fjordland (FEX) has closed the first tranche of its C$1.3M non-brokered private placement.
The company raised $714,504.96 and issued 5,496,192 common shares on a flow-through basis priced at $0.13.
It will use the proceeds to explore its Renzy Nickel-Copper Project in Quebec. The project encompasses the former Renzy Mine where, during the period from 1969 to 1972, 716,000 short tonnes were mined averaging 0.70 per cent nickel and 0.72 per cent copper.
On completion of this portion of the financing, the company will have 80,880,531 issued and outstanding shares.
Fjordland Exploration is a mineral exploration company focused on the discovery of large-scale economic metal deposits in Canada.
Fjordland (FEX) is unchanged trading at $0.11 per share as of 1:48 pm EST.