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Tethyan Resources closes over-subscribed placement

Each unit comprises one ordinary share and one-half of one transferable share purchase warrant of the company
Canadian dollars
The private placement consisted of 5.21mln units at 25 cents a pop.

Tethyan Resources PLC (CVE:TETH) has closed its previously announced non-brokered private placement, raising C$1.3mln (gross).

The private placement consisted of 5.21mln units at 25 cents a pop.

READ: Tethyan Resources' to close C$1.2mln placing within the next two weeks​

The net proceeds from the private placement will be used to finance the advancement of the Rudnitza copper-gold porphyry prospect, the company's planned acquisition of the Serbian company Taor DOO and the completion of a scout drill program within the Taor exploration licenses.

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