Global Energy Metals Corp (TSX-V:GEMC) has now closed its previously announced non-brokered private placement.
It is issuing 3.165 million new shares priced at 10 cents each to raised C$316,561, with the securities subject to a statutory four-month-plus-a-day hold period.
Proceeds will be used to support project evaluation and for working capital and general corporate purposes, the company said in a statement.