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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