This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Acadian Mining closes $1-million tranche 2009-09-30 16:25 ET - News Release Mr. G. William Felderhof reports ACADIAN MINING ANNOUNCES FOURTH CLOSING OF PRIVATE PLACEMENT FOR $1 MILLION
Acadian Mining Corp. has completed a fourth closing of the second tranche of the private placement of common shares to Golden River Resources Corp., first announced in Stockwatch on March 17, 2009. On the fourth closing, Acadian issued 33,332,834 common shares for proceeds of approximately $1-million. To date, tranches totalling $6-million have been received, representing a total issuance of 204,795,287 common shares to Golden River. Additional closings of the second tranche totalling approximately $4-million will be held between now and no later than March, 2010, in order that proceeds can be advanced to the company to finance operational overheads, including repayment of indebtedness to Royal Roads Corp. and the advancement of Acadian's gold properties in accordance with a budget that has been agreed upon. The remainder is available to Stockwatch subscribers.
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