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Curis Resources Ltd Announces $6 Million Private Placement Financing


Monday, 13 May 2013 01:00am EDT 

Curis Resources Ltd announced that it has arranged a $6 million non-brokered private placement financing, pursuant to which Curis will issue 6,818,182 common shares in the capital of Curis at a price of $0.88 per Share, in equal portions to two unrelated subscribers, Sino-Canada Natural Resources Fund I and Sino CanadaZheshang Mining Investment Limited. Proceeds from the private placement will be used to advance the development of the Company's flagship in-situ copper recovery project in Florence, Arizona and for general working capital. A finder's fee is payable in cash to an arm's length party based on the gross proceeds of the private placement. 

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