Franconia Minerals Closes $4.23 Million Private Placement

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Mon, Feb 1, 2010

Palladium Company News
Post by Melissa Pistilli, Palladium Reporter

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

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

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