MacDonald Mines Raises $500,000 in Private Placement

Macdonald Mines Exploration (TSE:BMK) has released an update.

MacDonald Mines Exploration Ltd. has successfully closed a non-brokered private placement, raising $500,000 to fund developments at its SPJ Project and for general working capital. The company issued 10,000,000 units at $0.05 per unit, with insiders acquiring 8% of the total proceeds. The offering is pending final approval from the TSX Venture Exchange.

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