Comstock Metals Announces Closure of Second Tranche of Private Placement

Comstock Metals Ltd. (TSXV:CSL) announced that they have closed the second tranche of a private placement, raising gross proceeds of $29,750.

As quoted in the press release:

The proceeds of the placement will be used by the Company to incur eligible Canadian Exploration Expenses, as defined by the Income Tax Act (Canada). The securities issued pursuant to the Offering are subject to a four month hold period, expiring on November 16, 2013.

To view the whole press release, click here.