Columbia Yukon Announces Non Brokered Private Placement

Molybdenum Investing

Columbia Yukon Explorations Inc. (CVE:CYU) reports a non-brokered private placement to raise up to $450,000 by the issuance of 3,000,000 non-flow through at $0.15 per Unit.

Columbia Yukon Explorations Inc. (TSXV:CYU) reports a non-brokered private placement to raise up to $450,000 by the issuance of 3,000,000 non-flow through at $0.15 per Unit.

The press release is quoted as saying:

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.

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