MetalCORP Limited (TSX-V: MTC) has completed the first tranche of their $1,500,000 private placement. A total of 3,783,782 units were sold to funds of the MineralFields Group at a price of $0.185 per Unit for gross proceeds of $700,000. Each Unit contains one flow through common share and one-half of a flow through common share purchase warrant. A whole warrant enables its holder to purchase 1 non flow through common share at any time for a period of two years, $0.35 in the first year and $0.45 in the second year.
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About MetalCORP Limited
MetalCORP Limited is a mineral exploration company based in Thunder Bay, Ontario with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. The projects, with a total area of more than 85,000 acres, include the Hemlo East, Dorset, Pickle Lake, Black Bear and Keezhik Lake gold properties, the Big Lake copper-zinc-silver-gold property, and the North Rock copper-nickel-platinum property.
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