Franconia Minerals Closes $4.23 Million Private Placement
Franconia Minerals Corp. (TSX:FRA) closed private placement of 9,400,000 special warrants at a price of $0.45 per Special Warrant for gross proceeds of $4.23 million, including exercise of the underwriter’s option.
The press release is quoted as saying:
Franconia is currently focused on the development of the Birch Lake copper-nickel-platinum-palladium project – consisting of the Birch Lake, Maturi and Spruce Road deposits – in the highly prospective Duluth complex in northeastern Minnesota.
Click here to access the entire press release
Click here to access Franconia Minerals Corporate Site
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Mon, Feb 1, 2010
Post by Melissa Pistilli, Palladium Senior Reporter