Avarone closes $140,000 first tranche of placement
Avarone Metals Inc. has closed the initial tranche of a non-brokered private placement, issuing a total of 1.75 million units for gross proceeds of $140,000. Each unit consisted of one common share and one-half common share purchase warrant, whereby each full warrant entitles the holder to purchase one additional common share of the company for a period of 24 months from closing at an exercise price of 12 cents per share. The proceeds from the first tranche will be used to conduct further...
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