Channel Resources Closes Private Placement
Channel Resources Ltd. (TSX VENTURE:CHU) reported that the company has closed the final tranche of its non-brokered private placement of units announced on December 2, 2009.
The press release is quoted as saying:
The proceeds of the private placement will be used to fund exploration and pre-development work on its properties, primarily the Fox Creek Lithium / Potash Brine Project located in Alberta, as well as for corporate development and working capital purposes.
Click here to access the entire press release
Click here to access Channel Resources Corporate Site
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Mon, Jan 18, 2010
Post by Melissa Pistilli, Potash Senior Reporter