Pinecrest Resources announces $1.5M financing

Vancouver (pcJ News Briefs) – Pinecrest Resources Ltd. (TSX-V: PCR) intends to close a non-brokered private placement of up to 7,150,000 common shares at $0.21 per share for gross proceeds of up to $1,501,500.

Pinecrest Resources will use proceeds to advance the exploration and development of its 100% owned Enchi Gold Project in Ghana and for general working capital purposes.

Pinecrest Resources engages principally in the acquisition, advancement and development of precious metal properties with its primary focus being the 100% owned Enchi Gold Project located in Southwest Ghana.

photo credit: Pinecrest Resources

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