Medallion Resources Closes $2.7 Million Private Placement

Medallion Resources Ltd (TSXV:MDL) reports that it has closed its private placement of $2.7 million dollars.

The press release is quoted as saying:

The proceeds of the Offering will be used for further exploration of the company’s Eden rare-earth-element (REE) project in Manitoba and its Red Wine heavy REE project in Labrador, initial project metallurgical studies, property payments, and working capital.

Click here to access the entire press release.

Click here to access Medallion’s company profile.