The mining newspaper for Alaska and Canada's North

Colorado financing benefits from $910K lift by Kinross

Colorado Resources Ltd. June 1 reported the completion of the final tranche of a C$4.73 million non-brokered private placement.

In this final tranche, 2.6 million units were issued to Kinross Gold Corp. at C35 cents each for gross proceeds of C$910,000.

Each unit consisted of one Colorado Resources common share and one warrant, which entitles the holder to acquire an additional share for C50 cents...


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