Salazar Resources Ltd. (TSX-V: SRL) has closed the private placement for gross proceeds of $1,003,200. The company issued 1,140,000 units at a price of $0.88 per unit. Each unit contains 1 common share and a share purchase warrant. A purchase warrant enables its holders to acquire 1 common share for a period of two years at a price of $1.1 per share. The company plans to use their proceeds to implement an expanded work program on their Curipamba Project and for general working capital.
MicroCap Insider is a web-based financial portal.
Sign Up for our Free Stock Newsletter
MicroCap Insider publishes a free penny stock newsletter providing stock alerts on companies positioned to deliver high-yield gains to investors.
Salazar Resources Limited
Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador.
Sign Up for FREE. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by MicroCap Insider can sign up for free by visiting our website.
About Us
MicroCap Insider is a leading penny stock web site with extensive experience in the OTC market, providing top stock picks, investing tips and exclusive research on small cap stocks on the verge of producing large financial gains.
Please click here to read the full disclaimer.
