Ottawa Business Journal - Local - Mining

Article

Print
Send to a friend
Comment (0)

Galahad targets $300K private placement

(Stock image)

Published on March 18, 2011; Published on March 18, 2011
OBJ Staff

Galahad Metals (TSX-V:GAX) aims to raise more money for drilling at its Regcourt property through a targeted $300,000 private placement.

Topics :: Ottawa

The Ottawa junior mining firm will issue up to two million flow-through units at $0.15 each, with each one including a common share and a warrant to purchase another common share.

Galahad has raised well over a million dollars in private placements in the past year, with its latest request being $450,000 in January.

The company has four projects: Regcourt, Que., Bottle Creek, Nev., Montrose, Ont. and Kellyn, Ont.

It plans to spin the Nevada gold-mining project into a stand-alone, publicly listed company in British Columbia.

Rate
Top of the page

Submit a comment

Submit a comment Your name* Email* (we keep all emails private) Write your comment here*

Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.