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

Map of McDermitt Lithium Project in the US
November 20 2018
An exploration target range has been established for the McDermitt project in the US.
Alaska map
October 03 2018
The project includes the “smoking gun” deposit Zackly which contains an inferred resource of 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver, with mineralisation continuing 100 metres below the bounty.
Drilling equipment on a Yandal site last year in 2018
January 10 2019
The ASX newcomer is backed by Northern Star Resources which holds a 15% stake.

© Proactive Investors 2019

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