-- Abasca Resources (ABA.V) raised $2.3 million after closing a private placement, the company said Friday.
The offering comprises 9 million flow-through common shares priced at $0.25 apiece and 1,250,000 non-flow-through common shares priced at $0.20 each.
Abasca plans to use the proceeds to incur Canadian exploration expenses, as well as for general and administrative expenses.
The company owns the Key Lake South project, which hosts the Loki Flake graphite deposit, in Saskatchewan.
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