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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.

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