A private placement of 300,000 units has been negotiated between Republic Goldfields (VSE) and a non-resident, private investor.
Each unit consists of one common share and one non-transferable warrant to purchase one half common share at $US3.75 until April 5, 1995. The company will use the proceeds of $US1,050,000 to carry out exploration work on Republic’s properties in Cuba, Arizona and Quebec.
The private placement is subject to regulatory approval.
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