FenixOro Gold Corp. announced that it has received CAD 3 million in funding
The company intended to complete a second tranche closing of the private placement in the coming weeks for anticipated additional gross proceeds of up to CAD 3,000,000. The company also issued 197,550 broker warrants to arm's length parties who assisted with the closing of the first tranche of the company's private placement. Each such broker warrant entitles the holder to acquire one common share at an exercise price of CAD 0.34 for a period of 24 months from their date of issuance.