Gespeg Copper Closes Private Placement
Gespeg Copper Resources (GCR.V) has completed its brokered private placement for gross proceeds of $705,000. The company issued a total of 100 units, 405 flow-through units and a further 800,000 flow-through common shares.
The net proceeds from the flow-through shares and the flow-through share portion of the flow-through units will be used by the company to incur Canadian Exploration Expenses related to the exploration of Gespeg's mineral properties in Quebec.
The proceeds from the sale of the non flow-through shares will be used to fund the continued exploration of Gespeg's mineral properties in Quebec and for general working capital purposes.
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