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Lucky Minerals Inc has announced a non-brokered private placement consisting of 43,750,000 units of the company at a price of C$0.08 per unit to raise gross proceeds of C$3.5 million, to be used to complete the very first drill program on its Fortuna gold and copper project in Ecuador and for general working capital. “The drill program is expected to be approximately 3,000 meters and is a follow up to the recent discoveries made during the surface exploration work over the past 18 months,” the company said in a statement.
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