By Laura Lutz
Des Moines, July 27 - Maudore Minerals Ltd. has closed a C$1.372 million equity financing with accredited investors and one director.
The company sold 2,111,414 shares for C$0.65 each in the non-brokered deal.
Proceeds will be used to drill and explore the Comtois gold property in Quebec, to diversify the company's mineral interests and for working capital.
After the placement, Maudore will have 9,946,210 common shares outstanding.
Maudore is a Montreal-based exploration company with interests in mineral projects in Quebec.
| Issuer: | Maudore Minerals Ltd.
|
| Issue: | Stock
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| Amount: | C$1.372 million
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| Shares: | 2,111,414
|
| Price: | C$0.65
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | July 27
|
| Stock symbol: | Toronto: MAO
|
| Stock price: | C$0.79 at close July 26
|
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