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EnviroLeach to raise C$10.1M for technology development

EnviroLeach Technologies Inc. seeks to raise C$10.1 million via a private placement of 6.70 million units at C$1.50 each.

Each unit will comprise 1 common share and a share purchase warrant, exercisable for two years into 1 common share at C$2.50 apiece.

The near-term gold producer will use the funds for general working capital and to continue the development of its technologies, it said Feb. 27.