GeoMegA Completed Bridge Financing

On March 16, 2012, Geomega Resources Inc. completed a $1,500,000 bridge financing secured by receivables from Revenu Québec tax credits related to mineral exploration granted by SIDEX, Limited Partnership.

Geomega Resources Inc. owns the Montviel Rare Earths/Niobium project which is located approximately 45 km west of the Cree First Nation of Waswanipi and 100 km north of Lebel-sur-Quévillon in the southern territory covered by the Québec’s "Plan Nord". The net proceeds from the financing will be used to fund the development of the Montviel property through the preliminary economic assessment, exploration on the corporation’s graphite properties and for working capital purposes.

Geomega Resources Inc. was represented by a team of Lavery, de Billy, L.L.P. comprised of Sébastien Vézina, Emilie Duguay (securities) and Benjamin Gross (financing and financial services).

Back to the press room