Thor Explorations Ltd. recently elected to close a non-brokered private placement that resulted in the issuance of 3,540,101 common shares, at the rate of $0.115 per share, for a total of $407,112 raised.
These common shares are under a four-month holding period, which will expire this June, with the proceeds going toward future exploration by the company.
Third-party finders will receive $8,174 in finders' fees
The Canadian company specializes in mineral exploration and has properties in Senegal, as well as Burkina Fase.
The Douta Gold Project, which is in the southeastern region of Senegal, has 70 percent of its interest in the holding of Thor. The project has gained the interest of many global mining companies, as it contains a large amount of gold resources.
In addition to the gold project in Senegal, Thor also possesses all of the interest in gold permits in the Hounde greenstone belt in Bongui and Legue.