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92 Resources closes private placement, raises C$217,750

The company said funds raised will be used towards general working capital
The company currently holds six properties in Canada, including the Hidden Lake project in Northwest Territories (pictured)

Energy metals firm, 92 Resources Corp (CVE:NTY) has announced it has closed a non-brokered private placement, raising C$217,750.

The company said funds raised will be used toward general working capital.

The company issued 3.35mln units at a price of 6.5 cents per unit.

Each unit comprises one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company for a period of up to 12 months at a price of C$0.10.

All securities issued under the private placement are subject to a four-month-and-one-day hold period expiring on Dec. 2, 2018.

The company currently holds six properties in Canada, with three principal assets: the Hidden Lake Lithium Property, NWT, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, BC.

Shares of 92 Resources were flat at C$0.06 on Friday. 

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