Proactive Investors - Run By Investors For Investors

92 Resources closes on private placement financing for $618,000

The company intends to use the proceeds on advancing existing Quebec properties
Power plants
The company focuses on acquiring and advancing strategic and prospective modern energy-related projects

92 Resources Corp (CVE:NTY) announced it has closed a non-brokered private placement financing for $618,000.

The Vancouver-based company has allotted and issued 12.36 million units at a price of C$0.05 per unit.

Each unit comprises one flow-through common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one non-flow-through common share of the company for a period of up to 36 months at a price of C$0.10.

BIG PICTURE: 92 Resources is building a highly attractive portfolio of energy-related projects in mining-friendly jurisdictions

The company intends to use the proceeds from the private placement on advancing its existing Quebec properties.

92 Resources focuses on acquiring and advancing strategic and prospective modern energy-related projects.

The company has an option agreement to acquire 100% interests in the Pontax lithium property consisting of 104 mineral claims covering an area of about 5,500 hectares (13,500 acres) near Eastmain, Quebec.

 

Contact Rene Pastor at [email protected]

View full NTY profile View Profile

92 Resources Corp Timeline

Related Articles

1522177427_shutterstock_192060521.jpg
March 27 2018
In January this year, shares in the materials group began trading on Nasdaq First North Stockholm
pontax property
October 25 2018
The company said the discovery represents a solid target for further focused exploration
Etango aerial view
November 20 2018
The uranium developer is positioning itself to benefit from the early stages of a recovery in the uranium sector.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use