Manridge Explorations has completed a financing with Brault, Guy, O’Brien Inc., an investment house, which raised $1.85 million. Of this amount, $1.45 million was raised on a flow-through share basis. The remaining $400,000 came from equity and will be added to working capital for corporate purposes.
The flow-through funds will finance a surface and underground exploration program on the company’s Mann and Reeve Dobie silver properties near Gowganda, Ont. Drilling and geophysical surveys will also be performed at Manridge’s Kanichie Lake property near Temagami, Ont.
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