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92 Resources closes private placement, raises C$217,750

The company said funds raised will be used towards general working capital
92 Resources closes private placement, raises C$217,750
The company currently holds six properties in Canada, including the Hidden Lake project in Northwest Territories (pictured)

Energy metals firm, 92 Resources Corp (CVE:NTY) has announced it has closed a non-brokered private placement, raising C$217,750.

The company said funds raised will be used toward general working capital.

The company issued 3.35mln units at a price of 6.5 cents per unit.

Each unit comprises one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company for a period of up to 12 months at a price of C$0.10.

All securities issued under the private placement are subject to a four-month-and-one-day hold period expiring on Dec. 2, 2018.

The company currently holds six properties in Canada, with three principal assets: the Hidden Lake Lithium Property, NWT, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, BC.

Shares of 92 Resources were flat at C$0.06 on Friday. 

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