Nirek Resources plans placement of shares for at least C$2 million

By Laura Lutz

Des Moines, Sept. 11 - Nirek Resources Inc. is in negotiations to raise at least C$2 million from a private placement, according to a company news release.

The company plans to sell flow-through shares priced at a premium of at least 15% over current market conditions.

Proceeds will be used for exploration of the company's project, option payments on its mineral properties, administrative expenses and working capital.

Nirek is a Toronto-based mineral exploration company.

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