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Wednesday, 31st December 2008 (988 views)

Skyline Gold has revealed that it is extending the private placement that it announced earlier this month.

It is increasing the share issue – first unveiled on December 19th – resulting in the non-brokered private placement comprising 4,200,000 flow-through units at a price of $0.05 (£0.02) for net proceeds of $210,000.

Each unit is made up of one-half of a share purchase warrant and one flow-through common share.

A whole warrant will entitle the holder to obtain one additional share in the firm at a price of $0.08 per share for a year-long period.

The company is engaged in gold exploration in the Bronson Slope mining property, situated in the 'golden triangle' of British Columbia.

Meanwhile, Monogram Energy has revealed it is in negotiations to purchase a gold mining claim in Colima, Mexico.

Chief executive officer Billy King stated that company representatives are planning a trip to the area in the New Year.

 

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