Sierra Iron Ore arranges $250,000 debenture placement
EMO ACQUISITION AND CONVERTIBLE DEBENTURE FINANCING Sierra Iron Ore Corp.’s previously announced option agreement, dated May 26, 2015, with Emerald Lake Development Corp. (entitling the company to earn up to 92 per cent of all mineral rights on claim No. 4271029, located about six miles north of Emo, Ont.), will require the company to issue shares consisting of less than 20 per cent of the company’s issued and outstanding capital upon the receipt of a positive prefeasibility study...
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