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Article: Mengold Closes Private Placements Totaling $558,000.
- Article from:
- Marketwire Canada
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 2, 2009 (Marketwire via COMTEX) -- Mengold Resources Inc. ("Mengold") (TSX VENTURE:MNI) is pleased to announce the closing of non-brokered private placements totaling $558,000. The proceeds of the private placements are to be used to fund a drilling program on Mengold's Goldcreek property located in the Shebandowan area, west of Thunder Bay, Ontario and for general corporate purposes.
Mengold closed private placements consisting of 12,500,000 flow-through common shares at the price of $0.03 per flow-through share for gross proceeds of $375,000 and 6,100,000 units (each a "Unit") at the price of $0.03 per Unit for gross proceeds of $183,000. ...