North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Goldrich Mining Co. April 2 reported the completion of a US$250,000 non-brokered private placement of 5 million units at a price of US5 cents each. Each unit consists of one Goldrich common share and one full-share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company for five years at US6 cents per share. The warrants are subject to a right of accelerated expiry when the closing price of Goldrich's commons shares has exceeded C22 cents per share for 20 consecutive trading days. Proceeds will be used for general working capital purposes