Searchlight Resources Announces Closing of Private Placement

Core Points - Searchlight Resources Inc. has successfully closed a private placement, raising a total of $759,151 by issuing 13,802,741 units at a price of $0.055 per unit [2][3] - Each unit consists of one common share and one full purchase warrant, allowing the holder to purchase one common share at $0.10 for four years [2][3] - The funds raised will be used for exploration expenditures on mineral properties and for general working capital [3][4] Company Overview - Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, recognized as the top location for mining investment in Canada by the Fraser Institute [4] - The company combines skilled project-generation with modern exploration techniques, focusing on battery minerals and gold throughout the province [4]