Hemlo Explorers Closes $200K Private Placement

Hemlo Explorers (TSE:HMLO) has released an update.

Hemlo Explorers Inc. successfully closed a non-brokered private placement, raising $200,000 by issuing 2,352,940 flow-through shares at $0.085 each. The funds will be directed towards advancing the company’s projects in Central Newfoundland. The shares are subject to a hold period of four months and one day.

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