Energizer Resources Announces US$15 Million Non-Brokered Private Placement

Company News

Energizer 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.

Click here to access the entire news release.

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