Uracan Announces Closing of Private Placement

Uracan Resources (TSXV:URC) has announced it has closed a non-brokered private placement of 1,538,461 flow-through shares at a price of $0.065 per share for proceeds of $100,000.
As quoted in the press release:

The flow-through shares are subject to a hold period expiring March 18, 2017. Finder’s fees of $6,000 were paid to Secutor Capital Management Corp. in connection with the Offering. Proceeds will be used towards exploration work in Quebec.

Click here to read the full press release.