Providing coverage of Alaska and Northwest Canada's mineral industrySeptember 2016
| Vol. 21, No. 38 | Week of September 18, 2016 |
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Mining News: News Nuggets: Redstar raises Unga drill funds
Redstar Gold Corp. Sept. 12 reported the closing of a C$4.1 million private placement that involved the issuance of 41 million shares at C10 cents each. Eric Sprott acquired 9.6 million of these shares and, together with shares already held, now holds roughly 11.6 percent of Redstar’s issued and outstanding common shares. The proceeds from the financing will be used for drilling and other exploration at Redstar’s Unga gold project in Southwest Alaska.
-Shane Lasley
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