New Earth Resources Provides Update on Private Placement (opens original article in a new tab)

New Earth Resources Corp. provided an update on its $500,000 private placement offering, which includes units with shares and warrants, and is expected to close in early July.

• New Earth Resources Corp. updated on its private placement offering to raise up to $500,000 through 4,166,667 units at $0.12 each.
• Proceeds will be used for general working capital, mineral exploration, and marketing/IR services, with possible finder's fees and warrants.
• The offering is expected to close in early July and securities will have a four-month hold period under Canadian law.