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Energizer Resources Announces US$15 Million Non-Brokered Private Placement
Jan. 26, 2011 03:52PM PST
Battery MetalsEnergizer Resources Inc. (CVE:EGZ,OTC:ENZR) reports its intention to complete a non-brokered private placement offering for gross proceeds of up to US$15,000,000 plus a 20% over-allotment option.
Energizer Resources Inc. (TSXV:EGZ,OTC:ENZR) reports its intention to complete a non-brokered private placement offering for gross proceeds of up to US$15,000,000 plus a 20% over-allotment option.
The press release is quoted as saying:
Building on the Company’s achievements in 2010, the net proceeds of the Offering will be used by the Company to complete a National Instrument 43-101 preliminary economic assessment, including advanced metallurgical test work to optimize the process flow sheet, for additional exploration and for general working capital requirements.
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