Metallum Resources announces proposed $302,500 financing for Superior Zn-Cu Project
2021-07-01 14:29:28 [Print]
Canada's Metallum Resources Inc. announced that it has arranged, subject to acceptance for filing by the TSX Venture Exchange, a proposed a non-brokered private placement of 2,750,000 common shares at $0.11 per share, to raise $302,500 in flow-through funds.
The net proceeds of the placement are proposed to use for conducting exploration work on the Superior high-grade zinc and copper polymetallic project. Phase 1 drilling at Superior has been successfully completed for a total of 2,100m in 6 drill holes. Core logging and sampling of the Phase 1 drilling is underway, with initial assay results expected within the next two to four weeks.
The net proceeds of the placement are proposed to use for conducting exploration work on the Superior high-grade zinc and copper polymetallic project. Phase 1 drilling at Superior has been successfully completed for a total of 2,100m in 6 drill holes. Core logging and sampling of the Phase 1 drilling is underway, with initial assay results expected within the next two to four weeks.
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