Banks Island Gold is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement offering. In connection with the closing of the first tranche of the Offering, the Corporation has issued 2,449,667 Units and 4,715,000 Flow Through Units for gross consideration of $3,459,850.15, less previously announced finder's fees. The Offering consists of up to 8,444,444
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