The Conversation (0)
Calico Resources Corp. (CVE:CKB) announced that it has arranged a non-brokered private placement of 3,000,000 units at a price of $0.50 per unit for gross proceeds of $1,500,000.
The press release is quoted as saying:
The net proceeds from the Offering will be used for exploration, environmental and permitting activities on the Company’s Grassy Mountain Project and for general working capital.
Calico’s President and CEO, Bill Wagener stated:
” We believe that the additional funds will help us immediately begin the permitting process in conjunction with the currentexploration program, which will ultimately accelerate the development of the Grassy Mountain property”.