09:41 AM EST - Apogee Minerals Ltd. : said it intends to complete a non-brokered private placement financing of units at a price of $0.10 per unit for gross proceeds in the amount of $200,000. Each unit consists of one common share of the company and one-half of one share purchase warrant, with each warrant entitling the holder thereof to acquire a common share at the exercise price of $0.14 per share for a period of up to 24 months following the closing of the private placement. One strategic investor has agreed to purchase the entire financing, the company said. The corporation said it plans to use net proceeds to continue the development of its key projects and for working capital purposes. Apogee Minerals Ltd.
shares V.APE are trading even at $0.10.
