Company has arranged a non-brokered private placement of up to seven million units at a price of five cents per unit for aggregate gross proceeds of up to $350,000. Each unit will be composed of one flow-through common share in the capital of the company and one non-flow-through share purchase warrant of the company. Each warrant will entitle the holder to purchase one non-flow-through common share in the capital of the company for a period of 24 months from the closing date at an exercise price of 10 cents per warrant share.
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