Laramide Resources (LAM.TO) closed its non-brokered private placement raising C$5 million, it said after markets closed on Thursday.
The offering consisted of the issuance of 8.4-million ahares to a strategic investor at C$0.60 apiece, it said.
Proceeds will be used for working capital and general corporate needs.
Shares of the company were last seen down C$0.01, or 1.6%, to C$0.62 on the Toronto Stock Exchange.
Price: $0.62, Change: $-0.01, Percent Change: -1.59%