Interesting news on CZC.csehttps://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aCZC-2159845&symbol=CZC®ion=C
In addition to Copper Reef's large mineral landholdings in one of the Canada's most prolific base metal belts, which are still producing world-class deposits, the company is considering diversification into other areas where management sees growth opportunities emerging.
Copper Reef also wishes to announce a brokered $500,000 private placement through Canaccord, consisting of $320,000 in non-flow-through funds (6.4 million shares) at five cents with a half warrant at 10 cents for a one-year term, plus $180,000 of flow-through funds (three million shares) at six cents per share. As noted above, the issuer intends to utilize $180,000 of the flow-through proceeds for drilling on the North Star gold property and $320,000 of non-flow-through dollars for proceeding with opportunities arising out of its diversification and project-generator efforts.