Potash Investing News » Channel Resources Closes Private Placement

Channel Resources Closes Private Placement

January 18, 2010 @ 12:13 pm In Uncategorized

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 ^[1]

Click here to access Channel Resources Corporate Site ^[2]

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URL to article: http://potashinvestingnews.com/799-channel-resources-closes-private-placement.html

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwirecanada.com/mw/rel_ca.jsp?id=1103194&k=potash

[2] Click here to access Channel Resources Corporate Site: http://www.channelresources.ca/