Logan Resources announces $200,000 private placement
Logan Resources Ltd. announced a non-brokered private placement. The financing consists of 2,857,143 flow-through shares at a price of $0.07 per FT Share, for total gross proceeds of $200,000.
The FT Shares will be purchased by one individual and there will not be a finder’s fee paid in connection to the Offering. The Offering is subject to TSX Venture Exchange acceptance. All securities issued pursuant to the Offering will be subject to a four-month hold period from the closing date.
The proceeds from the Offering will be used to continue an exploration program on the Company’s Brynnor Iron Project located on Vancouver Island.
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. The Company has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and the Company, please visit www.loganresources.ca.
