Feaisibility Work To Place At Bilbao Project
Toronto-based Xtierra Inc. has closed the second tranche of a private placement for additional gross proceeds of $500,000.
This portion of the placement was purchased by TayCon Capital Corporation, a capital pool company under Policy 2.4 of the TSX Venture Exchange. The shares and warrants acquired will be distributed to the approximately 300 shareholders of TayCon Capital Corporation in proportion to their shareholdings and TayCon will be dissolved.
Proceeds of this issue, together with the $3.955 million raised in the first tranche closed on 1 March 2010, will be used by Xtierra to fund further metallurgical testing and feasibility work on its Bilbao silver-zinc-copper project in Zacatecas, Mexico, and for expenses of the offering, general corporate purposes and working capital.
No comments:
Post a Comment