logo-loader

Arctic Star Exploration raises C$714,000 in first tranche of financing

Last updated: 06:57 30 Mar 2018 AEDT, First published: 01:57 30 Mar 2018 AEDT

cash
The firm closed the first tranche of its previously announced placing, raising C$714,000 gross

Arctic Star Exploration Corp (CVE:ADD, OTCQB:ASDZF) has closed the first tranche of its previously announced placing, raising C$714,000 gross.

It has issued 4.2mln units at 17 cents each.

Each unit comprises one share and and one share purchase warrant, which is exercisable into one further share at 25 cents per share for 24 months from closing.

The company intends to complete further tranches of the placing.

The company plans to use the proceeds for exploration on the Timantti and Diagras diamond projects and for general working capital.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

9 hours, 12 minutes ago