Goldrich Mining Company (GRMC) Closes Final Placement for Roughly $667k Net, Plans to Expand Gold Exploration and Production at Massive Alaskan Chandalar Property
Goldrich Mining, the junior mineral development company which owns the entire 27 sq miles of the Chandalar gold district near Fairbanks Alaska (190 miles north), a world-class resource with high-grade gold veins and alluvial deposits, reported closure today of a private placement of the Company’s common stock/warrants. The company intends to use the capital infusion for exploration and development at Chandalar, as well as some general purpose expenses. Everything went smoothly, with the placement being oversubscribed and terms being set in relation to the 20-day weighted volume average price of $0.23/share. The Company sold some 4.17M shares at $0.18 per…