Northern Freegold Resources Ltd. (TSXV:NFR) has closed the private placement announced on October 18th, 2011. A total of 349,168 units have been completed for gross proceeds of CDN $104,750. All the units were taken up by directors and officers of the Company.
As quoted in the press release:
Net proceeds from the private placement will be applied towards advancement of the Company’s Yukon mineral properties and for general working capital purposes.
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