A major PP announced to provide funds to continue theexploration of the company's gold, mineral holdings in Red Lake area. Good to see investors' participation.
Infinite Ore Corp. ("ILI" or the "Company") (TSXV:ILI)(OTCQB:ARXRF) announces that it has arranged a non-brokered private placement of up to 20 million units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of $1,000,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.10 per share. Proceeds raised from the Offering will be used for used towards exploration activities on the Company's properties (collectively named "Eastern Vision") located in the Red Lake area of Northwestern Ontario and for general working capital and unallocated funds as per Tier 2 status requirements.