RE:RE:news!.. oct 223 Millions raised at cents per share or 20,000 dilution to be spent on
The proceeds of the private placement will be budgeted as follows:
| Bulk sample underground at Mary K Mine Project | $ | 1,300,000 | |
| Ore processing | | 500,000 | |
| Payment to Property Owners | | 310,000 | |
| Loan repayment | | 190,000 | |
| Financing costs, filing fees and commission | | 240,000 | |
| Working capital | | 185,000 | |
| Contingency | | 275,000 | |
| Total | $ | 3,000,000 |