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Comstock Metals Ltd. (TSXV:CSL) announced that they have closed a private placement for gross proceeds of $400,000.

Comstock Metals Ltd. (TSXV:CSL) announced that they have closed a private placement for gross proceeds of $400,000.

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 10, 2013.

To view the whole press release, click here. 

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