Northern Uranium (TSX-V: UNO) to consolidate share on a 15-to-1 basis and $800K private placement of post-consolidation units at $0.05625, with Palisade Global Investments and a small group of investors gaining 57% stake.
MGX Minerals (CSE: XMG; FSE: 1MG; OTCQB: MGXMF) intends to complete a non-brokered private placement of NFT units at $0.60 and FT units at $0.65 for aggregate gross proceeds of up to $8,020,750.
Noront Resources (TSX-V: NOT) closed $401K 2nd and final tranche of private placement, bringing the total amount to $4.15M. Major shareholder Resource Capital V Annex Fund L.P. participated in the financing.
Global Energy Metals Corporation (TSX-V: GEMC; OTCQB: GBLEF; FSE: 5GE1) closed first tranche of proposed $500,000 non-brokered private placement, issuing 3,685,180 units at 7.5 cents for gross proceeds of $276,389.
Macarthur Minerals Limited (TSX-V: MMS) closed the second and final tranche of the non-brokered private placement, issuing 40,738,520 units at CDN $0.025 per unit for gross proceeds of CDN $1,018,463.