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Friday, 26th November 2004 (4319 views)

Canadian company Acadian Gold has announced it has secured further funding, increasing the size of its current private placement with Northern Securities.<BR/><BR/>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.<BR/><BR/>Proceeds from the increased funding will be used to increase development of its gold projects in Novia Scotia and New Brunswick.<BR/><BR/>In addition, proceeds from equity units will be used for general corporate purposes.<BR/><BR/>Acadian is a Novia Scotia based company who seeks to acquire, develop and explore gold properties in North America.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7168130"/>

 

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