- McLaren Resources (MCL) has closed a non-brokered private placement for gross proceeds of $266,560
- The company issued 3,808,000 FT units at a price of $0.07 per unit
- Gross proceeds from the financing will be used for exploration expenditures on its McCool, Blue Quartz and Kerrs gold properties
- McLaren paid finder’s fees consisting of $2,205 in cash and 226,000 shares
- McLaren Resources Inc. is engaged in the gold exploration business
- McLaren Resources Inc. (MCL) opened trading at C$0.05 per share
McLaren Resources (MCL) has closed a non-brokered private placement for gross proceeds of $266,560.
The company issued 3,808,000 flow-through (FT) units at a price of $0.07 per unit. Each FT unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at a price of $0.10 per common share for a period of 24 months from the date of issuance.
Gross proceeds from the financing will be used by McLaren for exploration expenditures on its McCool, Blue Quartz and Kerrs gold properties located in the prolific Timmins Gold District in Northern Ontario.
McLaren paid finder’s fees consisting of $2,205 in cash and 226,000 shares, including a finder’s fee of 201,000 shares to Accilent Capital Management Inc. McLaren Resources Inc. is engaged in the gold exploration business. The company is exploring gold deposits from its operating base located in the Timmins Gold Camp.
McLaren Resources Inc. (MCL) opened trading at C$0.05 per share.