Manitou Gold Announces Proposed Non-brokered Private Placement

Manitou Gold Inc. (TSX VENTURE:MTU) reported that the company is undertaking a non-brokered private placement to raise up to $300,000 through the placement of up to 600,000 flow-through common shares at a price of $0.50 per Flow Through Share.

The press release is quoted as saying:

Manitou Gold Inc. is a gold exploration company focused with a dominant land position in the Gold Rock Mining Camp, located in the Kenora Mining District, in Northwestern Ontario. The Company is well funded, having recently completed a $2 million initial public offering. The Company’s largest shareholder is Goldcorp Inc, who holds a 15% interest in the Company.

Click here to access the entire press release

Click here to access Manitou Gold Corporate Site