Sparton Resources Inc.: Private Placement Financing [Canadian Business Journal (Canada)]
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Source: Canadian Business Journal
Sparton Resources Inc.: Private Placement Financing CBJ Newsmakers Additional Drilling at Bruell Gold Project TORONTO, Dec. 05, 2018 (GLOBE NEWSWIRE) — Sparton Resources Inc . ( TSXV.SRI ) (“ Sparton ” or the “ Company “) announced today that it has entered into, effective December 5, 2018, an agreement for a private placement financing totalling $50,000 through the sale of 714,286 flow through shares to one accredited investor. Each Flow Through Common Share. is priced at $0.07. The placement is non brokered and no finders fees or commissions are being paid. Proceeds will be used for expenditures on the Company’s Canadian Exploration Programs including drilling activities on the Bruell Project in the Val D’Or East Quebec gold area. Resale of the shares is subject to normal restrictions under TSX Venture Exchange Policy and the transaction is subject to final regulatory approval. Bruell Drilling Program Six drill holes are planned tota
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