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Mountain-West plans private placement to meet capital requirements
Company needs to raise funds to make payment, secure working capital
By Devika Patel
Knoxville, Tenn., July 6 - Mountain-West Resources Inc. said it needs to conduct a private placement to meet its capital requirements.
The exact amount of the placement has not yet been determined, but the company needs to raise enough to make a payment of about $2.1 million under its Mina Pascua Property Option Agreement and to secure working capital for at least six months.
Mountain-West is a Vancouver, B.C.-based hard-rock minerals mining company
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