Meryllion Resources Corporation (CSE:MYR, OTC:MYRLF) told investors it closed its previously announced non-brokered private placement after issuing a total of 8,011,625 units at $0.04 each for gross proceeds of $320,465.
Each unit consists of one common share and one common share purchase warrant, exercisable at $0.07 per share for 24 months.
The company said it paid a finder's fee of $896 and issued 22,400 finder's warrants to an eligible finder assisting with the placement.
Certain insiders of the corporation participated in the private placement for an aggregate of $143,665.