Friday, 26th November 2004 (3212 views)

Canadian company Acadian Gold has announced it has secured further funding, increasing the size of its current private placement with Northern Securities.

Acadian Gold will issue up to 1,120,000 of equity units at $0.18 per equity unit, with each unit including one common share and one-half of a common share.

Proceeds from the increased funding will be used to increase development of its gold projects in Novia Scotia and New Brunswick.

In addition, proceeds from equity units will be used for general corporate purposes.

Acadian is a Novia Scotia based company who seeks to acquire, develop and explore gold properties in North America.

 

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