Drilling fundsIf this release is in any way false, what are the repercussions for the Habanero management?
Surely some kind of fraud case if they don't start drilling close to June 15th.
Habanero Resources Inc. ("Habanero" or the "Company") is pleased to announce in furtherance to its news release dated May 27, it has completed a non-brokered and brokered private placement of 9,722,305 flow-through units of the Company (the "FT Units") at
.13 per FT Unit and 3,000,000 non flow-through units of the Company (the "NFT Units") at
.11 per NFT Unit for a total gross proceeds of 1,593,900.
The proceeds from the above financings are intended to be used to fund the Company's first phase of drilling at the Haldane Silver Prospect in the Yukon, work on the White Gold Prospect in the Yukon, the Lezai Prospect in Quebec and for general working capital.