10:09 AM EST - Fairmont Resources Inc. : announced that it closed a private placement of 3,000,000 units at $0.15 per Unit for gross proceeds of $450,000. Each Unit consists of one common share and one half Share purchase warrant. Each Full Warrant will entitle the holder to purchase one Share for a period of 12 months at an exercise price of $0.25 per Share. Fairmont Resources Inc.
shares V.FMR are trading up $0.08 at $0.29.
