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Energizer Resources Inc. (TSX:EGZ,OTCQX:ENZR,FWB:YE5) announced the closing of its non-brokered private placement financing of CAD$1,566,490 through the issuance of 11,189,215 common shares that are “flow through” shares at a price of CAD$0.14 per share.
As quoted in the press release:
The Company, together with the “Agent”, continues to work towards closing the previously announced brokered offering of securities of the Company to raise up to CAD$8million by year-end (the “Brokered Financing”). The net proceeds raised through the Brokered Financing will be used for further exploration and development of the Molo Graphite Project, including the completion of a definitive feasibility study.
Click here to read the Energizer Resources Inc. (TSX:EGZ,OTCQX:ENZR,FWB:YE5) press release
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