The Company is currently focusing its efforts on the Pisgah, California property and the Wikieup, Arizona property. The Owl Canyon, California property is being held as a future designated drill target. The Cerbat, Arizona property is currently for sale.
Can-Cal is pleased to that it has completed the third tranche of its previously announced non-brokered private placement of Units for aggregate gross proceeds of US $225,275. Can-Cal issued a total of 3,754,584 Units at a price of US$0.06 per Unit. Each Unit consists of one common share (“Common Share”) and one Common Share purchase warrant (“Warrant”).
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