Kenrich funds work program

Replacing a previously announced financing, Kenrich Mining (VSE) has completed an $845,000 placement of units at 65 cents each.

The units include one share plus a warrant, two of which give the holder the right to buy an additional share at 78 cents for one year. Proceeds will be applied to the 83,000-acre Corey property, south of Prime Resources’ Eskay Creek mine in northwestern British Columbia. The company hopes to drill 80 holes initially, beginning in April.