Marauder Resources Closes Second Tranche of Private Placement
Marauder Resources East Coast Inc. (MES.V) successfully closed a second tranche of its previously announced brokered private placement financing led by M Partners Inc. of units of the company at a price of $0.065 per unit. At closing of the second tranche, the company issued 3,485,000 common shares and 1,742,500 warrants for aggregate gross proceeds of $226,525.
The net proceeds from the offering will be used for initial development of the company's assets in the East Coast Basin, New Zealand, and for general working capital purposes.
MES shares were trading half-a-cent higher at $0.11 on volume of 1.15 million.
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