Oceanus Resources Corporation (TSXV:OCN) has closed its non-brokered private placement, which was previously announced on Monday. It has issued 8 million common shares at a price of $0.35 per share for aggregate proceeds of $2.8 million.
As quoted in the press release:
Net proceeds from the funds raised will be used for exploration of Oceanus’ La Lajita high grade gold property located in Durango, Mexico and for general working capital purposes. The Private Placement remains subject to compliance with the requirements of the TSX Venture Exchange.