California Gold Mining announced today that it has closed a non-brokered private placement of 18,000,000 units at a price of $0.05 per Unit for total proceeds of $900,000. Of these subscriptions, 16,000,000 Units representing gross proceeds of $800,000 were issued to a corporation controlled by a director of the Corporation. Each Unit is comprised of one common share and one common share purchase warrant, with each
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