Osborne and Chappel Goldfields (TSE) says it will proceed with previously announced private placement by issuing 1.5 million common shares at a price of 10 cents per share.
The company will also issue a US$1-million debenture with a 3-month term. The debenture includes detachable warrants which may be exchanged for 10,000,000 common shares at an exercise price of US10 cents per common share.
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