Second tranche of private placement of stock coming ‘soon’
By Susanna Moon
Chicago, Aug. 28 – Greenland Resources Inc. said it completed the first tranche of a non-brokered private placement of stock for proceeds of C$1 million.
The company sold 6,666,666 common shares at C$0.15 per share.
The company expects closing a second tranche of the private placement “soon,” according to a company press release.
Proceeds will be used to finance the exploration of its Storo Gold Project and for general working capital purposes.
Greenland Resources is a Toronto-based mining company.
| Issuer: | Greenland Resources Inc.
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| Issue: | Common stock
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| Amount: | C$1 million
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| Shares: | 6,666,666
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| Price: | C$0.15
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| Warrants: | No
|
| Agent: | Non-brokered
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| Settlement date: | Aug. 28 for C$1 million
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