Columbia Yukon Closes Private Placement

- May 3rd, 2011

Columbia Yukon Explorations Inc. (TSXV:CYU) reports closing its non-brokered private placement. The press release is quoted as saying as: The Company intends to use the proceeds from this Private Placement for general working capital purposes and for furthering the exploration and development of the Company’s Storie Property molybdenum project. In particular, the Company intends to use … Continued

Columbia Yukon Explorations Inc. (TSXV:CYU) reports closing its non-brokered private placement.

The press release is quoted as saying as:

The Company intends to use the proceeds from this Private Placement for general working capital purposes and for furthering the exploration and development of the Company’s Storie Property molybdenum project. In particular, the Company intends to use a portion of the proceeds to fund a preliminary economic assessment (“PEA”) to be prepared by AMEC Americas Limited (“AMEC”), who have recently been engaged to prepare this Report.

Click here to access the entire news release.

Click here to access Columbia Yukon’s company profile.

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