Group 1 - Salazar Resources Limited has arranged a non-brokered private placement financing of up to 7,140,000 shares at a price of $0.07 per share, aiming to raise up to $499,800 [1] - Certain insiders will participate in the financing, and there is no finder's fee payable [1] - Proceeds from the financing will be used for working capital and exploration [1] Group 2 - Salazar Resources is focused on discovery, exploration, and development in Ecuador, with a strong understanding of the local geology [3] - The company has a wholly owned pipeline of copper-gold exploration projects in Ecuador and aims to make another commercial discovery [4] - Salazar Resources has a 25% stake in its maiden discovery, Curipamba, and a 20% stake in two copper-gold porphyry projects, Pijili and Santiago, both fully carried through to a construction decision [4]
Salazar Resources Announces Private Placement