Vancouver (pcJ News Briefs) – Noka Resources Inc. (TSX-V: NX; FSE: 2NKN) has arranged, subject to TSX Venture Exchange acceptance, a private placement of up to 7,142,857 common shares at a price of $0.07 per share for total gross proceeds of up to $500,000.
Proceeds will be used to fund ongoing exploration and for general working capital.
Noka Resources Inc. is a Canadian junior exploration company focused on advancing exploration activity on the Birch and Uchi properties adjacent to the Springpole Gold Deposit (controlled by First Mining Finance) in the Red Lake Gold District of western Ontario and the Tully West Property located northeast of Timmins, Ontario.
photo credit: Noka Resources