Silver Grail Raises $575K for BC Exploration, Ram Drilling Results Pending
Silver Grail Resources Ltd. (SVG-TSX-V) has announced plans to raise up to $575,000 through a non-brokered private placement. The company, led by President and CEO Dino Cremonese, P. Eng., is focused on exploration in the southern Golden Triangle region of British Columbia.
The raise will fund exploration at the Ram property, where drilling is complete, totaling 2,056 metres in seven holes. Jeff Kyba, P. Geo., discovered a new showing of net-textured chalcopyrite at the site. The proceeds will also support further exploration of other properties in the company's large portfolio and general corporate purposes.
The company is offering up to 2,500,000 units at $0.23 per unit, with each unit consisting of one common share and one warrant exercisable at $0.33 for two years. Barry Holmes, Director of Corporate Development and Communications, can be contacted for more information at [email protected] or 778-430-5680.
Silver Grail's website can be found at www.silvergrail.com. Despite extensive search, the name of the Qualified Person for the company remains unavailable. The company continues to advance its projects, with assay results from recently logged and shipped core expected soon.
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