American Pacific Bolsters Exploration Funds

American Pacific Mining Corp (TSE:USGD) has released an update.

American Pacific Mining Corp has successfully completed a non-brokered private placement, securing $4.5 million by issuing 22.5 million units at $0.20 each, to fund exploration and development of their mining projects in North America. The units, consisting of shares and half-warrants, have put the company in a favorable position to progress with their high-grade copper-gold Madison project in Montana and Palmer VMS Project in Alaska. The funding also supports general working capital needs, with insiders contributing to the placement, under exemptions that avoid the need for minority shareholder approval.

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