Palladium Investing News » Franconia Minerals Closes $4.23 Million Private Placement

Franconia Minerals Closes $4.23 Million Private Placement

February 1, 2010 @ 12:32 pm In Palladium Company News

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 ^[1]

Click here to access Franconia Minerals Corporate Site ^[2]

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URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release-canada/Franconia-Minerals-Closes-423-Million-Private-Placement-TSX-FRA-1109582.htm

[2] Click here to access Franconia Minerals Corporate Site: http://www.franconiaminerals.com/