Sign up Australia
Proactive Investors - Run By Investors For Investors

92 Resources brings in C$1.14mln from placing

Proceeds will be used to advance the firm's existing properties and for general working capital
92 Resources brings in C$1.14mln from placing
Proceeds will be used to advance the firm's existing properties, it said

Energy solutions group 92 Resources Corp (CVE:NYT) said it had closed an oversubscribed private placing, bringing in C$1.141mln gross.

The firm issued over 11.4 mln units at 10 cents each.

Each unit comprised one share and one-half of a share purchase warrant, with each warrant entitling the holder to purchase one further share for up to 12 months for 15 cents.

Proceeds will be used to advance the firm's existing properties and for general working capital, it said.

92 Resources currently holds three main assets in Canada -  the Hidden Lake lithium property, NWT, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, British Columbia.

View full NTY profile View Profile

92 Resources Corp Timeline

Related Articles

picture of fridges
November 30 2017
Discussions are advanced over acquisitions in both the fluorspar and industrial minerals sector
King River Copper's Anthony Barton at Proactive's CEO Sessions
September 15 2017
Tony Barton discussed vanadium and copper-gold potential at Proactive's CEO Sessions.
De Grey Mining's Simon Lill at Proactive's CEO Sessions
November 16 2017
Simon Lill discussed with investors conglomerate gold targets in the Pilbara.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use