Mining & Metals
Searchlight Resources Announces Non-Brokered Private Placement
Searchlight Resources (SCLT.V) announced Tuesday a non-brokered private placement financing of up to 11 million units consisting of a share and a full purchase warrant at a price of $0.10 per unit.Each warrant will entitle the holder to purchase one share at $0.15 per share for a period of 3 years from the date of issue, it said.The company plans to use the gross proceeds of up to $1.1 million of the offering to fund exploration expenditures on its portfolio of mineral properties and for general working capital.Closing of the proposed offering is subject to a number of conditions.
$SCLT.V
