Sudbury-focused project generator Sudbury Platinum (SPC) has closed a C$3.18-million financing after issuing 8.69-million flow through common shares at a price of $0.33 a share, 148 649 Flow Through common shares at a price of $0.37 each and 850 000 common shares at a price of $0.30 apiece.
Significantly, the private company reported Wednesday that of the total financing, $2.25-million was raised through a bought non-brokered private placement by a group of agents including Red Cloud Mining Capital and Resource Capital Fund VI.
