Thursday 8th December 2016

Resource Clips



Far West Mining announces $10M Private Placement to fund Chile Project

FWM:CA announced that it has agreed to a private placement of $10,000,000 with Pacific Road Resources Funds, consisting of 2,439,025 units at $4.10 per. The proceeds of the financing will be used for development of the Santo Domingo Iron-Oxide-Copper-Gold property in Chile, and for exploration and working capital. On closing, Pacific Road will hold an equity interest of 8.65% in Far West (increasing to a maximum of 11.96% if all warrants are exercised).

President/CEO Rick Zimmer said, “We are very pleased that PRRF are increasing their investment during this important phase of development while the Company pursues strategic transactions.”
View Company Profile

Contact:
Rick Zimmer,
President/CEO,
604.602.9144

Share |

View All: News Stories