Cosigo Resources Ltd. is pleased to announce the closing of its previously announced non-brokered private placement of 10,000,000 units at a price of $0.05 per unit for gross proceeds of $500,000.
Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable to acquire one additional common share at $0.10 for a period of 24 months from the closing date.
Proceeds from the placement will be directed toward the Company's exploration activities at the Taraira property and general working capital. All securities issued are subject to a four-month hold period.