On June 19, 2017, Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC PINK: PRSRF) announced that it had closed the final tranche of its non-brokered private placement of units. Total proceeds for all tranches of the previously announced $4 million financing, was $5,383,025.
Para Resources is a junior producing gold mining and toll milling company. The company owns approximately 75% of the El Limon project in Colombia and has applied for the necessary permits to commence trial mining operations at its Angelim prospect on the Tucuma Project in Brazil.
Miller Thomson advised Para Resources in this transaction with a team that included Rory Godinho and Kathy Tang.