Arras Minerals (“Arras”) has announced its intent to complete a financing at C$0.45/sh for gross proceeds of up to C$3m. Teck Resources has cornerstoned the proposed financing, agreeing to subscribe for 5,776,000 shares for gross proceeds of C$2,599,200 representing approximately a 9.9% interest in the Company. The funds would enable Arras to continue its modern exploration approach across highly prospective tenements in NE Kazakhstan including an option agreement on the Beskauga copper and gold ....
