Royal Sapphire Begins Trading on TSXV

Reuters reported that Royal Sapphire, which has an option to earn a 100% interest in the Lorn Property, which contains copper and moly mineralization, has begun trading on the TSXV.

As quoted in the market report:

Royal Sapphire closed its initial public offering of 5.7 million units at $0.15 per unit, raising gross proceeds of approximately $862,000. Each unit contained one common share and an additional one-half of a common share warrant, with each full warrant exercisable at a price of $0.20 until November 9th, 2013. Macquarie Private Wealth acted as agent for the IPO.

To view the whole Reuters report, click here.