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Arctic Star issues another 1.99mln units to raise C$338,920

The private placement was oversubscribed by 1,193,647 units.

Canadian dollars
The second tranche saw 1.99mln units issued at 17 cents a pop.

Arctic Star Exploration Corp (CVE:ADD, OTCMKTS:ASDZF) has completed the second tranche of its previously announced non-brokered private placement.

In total, the two tranches raised C$1.05mln for the explorer of the Timantti and Diagras diamond projects in Finland.

READ Arctic Star Exploration raises C$714,000 in first tranche of financing​

The second tranche saw 1.99mln units issued at 17 cents a pop.

The company intends to use the proceeds from the private placement for exploration on the Timantti and Diagras diamond projects, and for general working capital.

Quick facts: Arctic Star Exploration Corp

Price: 0.015 CAD

TSX-V:ADD
Market: TSX-V
Market Cap: $1.93 m
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Arctic Star Exploration prepares for summer work at Timantti Property in Finland

Arctic Star Exploration (CVE:ADD) President and CEO Patrick Power sat down with Steve Darling from Proactive Investors Vancouver to talk about their groundwork program that will begin at the end of May. Power telling Proactive about the program and what it will consist of, He also talked...

on 10/5/19

2 min read