McFarlane Lake Mining Ltd - Mining Stock Analysis & Updates
Latest News and Market Performance for McFarlane Lake Mining Ltd
Perm ID: 1-5082152632
https://mcfarlanelakemining.com/
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McFarlane Lake Upsizes Private Placement Offering from $1 Million to $1.3 Million
McFarlane Lake Mining Limited has increased its private placement offering from $1 million to $1.3 million due to high investor interest. The offering includes up to 26 million units at $0.05 each and 18.57 million flow-through shares at $0.07 each, with a minimum subscription of $635,000.
McFarlane Lake Announces Private Placement Offering of up to $1 Million
McFarlane Lake Mining Limited plans a non-brokered private placement to raise up to C$1,000,000 by offering 20 million units at C$0.05 each and 14.29 million flow-through shares at C$0.07 each. The offering is expected to close around February 28, 2025.
Continued Positive Results from Exploration Drilling, McFarlane Intersects Second Wide Zone of Gold Mineralization at McMillan Returning 51.6 Meters (m) of 2.0 Grams per Tonne (gpt) Gold, Containing a Higher-Grade Zone of 5.5 gpt Gold over 7.55 m That Included 16.1 gpt Gold over 1.8 m; Exploration Drilling Continues
McFarlane Lake Mining reports significant gold mineralization at the McMillan Gold Mine, with recent drilling revealing 2.0 gpt gold over 51.65 m, including higher grades. Drilling continues to explore the extent of this mineralization, which is open along strike and depth.
