Canadian mineral company GoviEx closes US$3m private placement to fund development activities in Africa

AFRICA – GoviEx Uranium, a Canadian mineral resource company, has closed first tranche of fully subscribed non-brokered private placement offering for gross proceeds of approximately US$3.37 million offering over 35.7-million units. The net proceeds from the private placement will be used to fund continued exploration and development activities on three company projects, Madaouela, in north central Niger; Mutanga, in Zambia and Falea, in Mali, and for general working capital purposes. “The U308 spot price is up over 30 per cent from the beginning of this year and we are delighted…

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