Thunder Bay, ON (pcJ News Briefs) – White Metal Resources Corp. (TSX-V: WHM) is arranging a non-brokered private placement of up to 3,000,000 flow-through (FT) units at $0.05 per unit for gross proceeds of up to $150,000.
Each FT unit will consist of one FT common share and one-half common share purchase warrant, each full warrant being exercisable at $0.15 for 24 months from the date of issuance.
Proceeds will be used to progress exploration work on the company’s Shebandowan gold property including soil and lake geochemical sampling, prospecting, mapping followed by trenching and drilling of favourable targets.
White Metal Resources Corp is a junior exploration company engaged in exploration in Canada, particularly within the province of Ontario. Currently its main focus is on its 100% owned Shebandowan Property which is located 100km west of the city of Thunder Bay.
photo credit: White Metal Resources