Greatbanks Resources closes $1.7M private placement

Toronto (pcJ News Briefs) – Greatbanks Resources Ltd. (TSX-V: GTB) has closed a non-brokered private placement offering of 31,285,637 units at a price of $0.055 per unit for aggregate gross proceeds of $1,720,710.00

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $0.08 until March 22, 2019.

Greatbanks Resources paid finder’s fees of $41,184.00 and issued 748,800 finder fee warrants on the same terms as the Warrants.

Greatbanks Resources intends to use the gross proceeds for strategic projects, general corporate and working capital purposes.

Greatbanks Resources Ltd. is a resource based exploration company. The company is focused on identifying assets that meet the following criteria, producing, near term enhancement and exploration opportunities.

photo credit: Greatbanks Resources