NEWS ROUNDUP — Exroy raises funds for W. African work

In a private placement, Exroy Resources (CDN) will issue 750,000 treasury common shares at 20 cents each and warrants exercisable for a 2-year period at 20 cents, for an additional 250,000 treasury common shares.

Proceeds will amount to $150,000. In addition, Exroy will issue other warrants exercisable for two years for another 500,000 treasury common shares at a subscription price of 30 cents. Total proceeds will be used to investigate gold mining opportunities in West Africa.