IVOR to close 5-10 million dollar private placement Late last week Ivor Exploration Inc. ($IVOR.c) announced that it is undertaking a non-brokered private placement between 5M-10M units @ D$1.00/unit for gross proceeds between $5M-$10M.
Each Unit will consist of one $IVOR share & one-half warrant to buy a share for $1.85 within 12 months.
Proceeds of this PP will be used for working capital and drilling and geophysics on the Apex project (Nevada).
IMO I think this financing should pay off for $IVORand it's shareholders as it will help to advance the Apex project which is recognized as Nevada's largest past-producing uranium mine.
$IVOR @ $1.38
MC $16.256M
https://ca.finance.yahoo.com/news/ivor-exploration-announces-non-brokered-113000147.html