Brief: Para arranges $4 mln non-brokered private placement

Soma Gold

06/04/2017 13:53

April 6 (Reuters) - Para Resources Inc  PBR.V : 
    * Para arranges $4,000,000 non-brokered private placement 
    * Private placement will consist of up to 20 million units 
at a price of $0.20 per unit 
    * Para Resources - proceeds of private placement to be used 
to retire portion of acquisition debt for purchase of el limon 
mine from red rock resources 
    * Mill operations at El Limon in Colombia re-commenced on 
April 3rd 
    * Para Resources Inc -  nicaragua milling limited's  target 
production is approximately 10,000 ounces of gold in 2017 
 
Source text for Eikon:  ID:nCCN7sBjQX  
Further company coverage:  PBR.V  
 
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