Windfire Capital (TSX-V:WIF, StockForum), a Vancouver-based exploration stage firm engaged in the acquisition, exploration and development of North American mineral deposits, announced today that the company had closed a non-brokered private placement originally announced February 5, 2014.
According to the news release, the placement consisted of 4.4m shares at $0.05 per share for proceeds of $220.000 with all issued securities in the transaction subject to a four-month holding period from the closing date.
Windfire was in the news recently when the company announced acquisition plans for the Madonsi prospect located in South Africa last June.
Shares climbed 60.00% on the news to $0.12 per share.
Currently there are 20.9m outstanding shares with a market cap of $2.5 million.