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Mazorro closes $195K private placement

(Stock image)

Published on October 11, 2012; Published on October 11, 2012
OBJ Staff

Mazorro Resources Inc. has closed $195,000 in two tranches of a private placement, the mining company disclosed.

On Wednesday, the company said its second tranche closed at $20,000 raised. The company was offering 400,000 units at five cents each in the second tranche. Each unit included a common share of the company, and a common share purchase warrant.

The firm intends to use the money for “general working capital requirements.”

Manotick-based Mazorro is described on Stockhouse as a junior mining company working to find, acquire and explore mineral properties in Mexico.

As of the close of markets Wednesday shares of the company were worth 5.5 cents each.

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