• Salazar Resources (SRL) has announced a non-brokered private placement to raise gross proceeds of up to C$3,000,000
  • The company will issue up to 30,000,000 common shares at C$0.10 per share
  • Net proceeds will be used for working capital and exploration
  • Salazar Resources Ltd is a Canada-based junior mineral exploration company engaged in the exploration of mineral properties in Latin America
  • Salazar Resources Limited (SRL) opened trading at C$0.125

Salazar Resources (SRL) has announced a non-brokered private placement to raise gross proceeds of up to C$3,000,000.

The company will issue up to 30,000,000 common shares at C$0.10 per share. 

Insiders led by Fredy Salazar and current shareholders of Salazar Resources Limited have committed over C$2 million to the Private Placement.

Net proceeds will be used for working capital and exploration.

All securities issued will be subject to a statutory four-month hold period.

Salazar Resources Ltd is a Canada-based junior mineral exploration company engaged in the exploration of mineral properties in Latin America. Its projects include Curipamba and Ruminahui.

Salazar Resources Limited (SRL) opened trading at C$0.125.


More From The Market Online

This mining royalty growth story is worth digging into

Kick off your due diligence on Orogen Royalties, a mining royalty acquirer and developer boasting a multi-year history of profitable growth.

StockTalk | Gold Report: Miners with a long-term mindset

Stockhouse's Weekly Gold Report brings you top stories about mining stocks vying for a spot on your watchlist.

A long-life copper opportunity emerging amid a tightening global market

Idaho Copper Corp. (NYSE American: COPR) and its flagship CuMo Copper-Molybdenum-Silver Project located in Boise County, Idaho.