Crazy Horse Resources intends to undertake a non-brokered private placement to raise aggregate gross proceeds of up to Can$1.3 million. Net proceeds of the offering will be used to further advance the Taysan Copper-Gold Porphyry Project and for general working capital.
The financing will be effected through the sale of up to 26 million units at a price of Can$0.05 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of three years at a price of Can$0.075 per common share.