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Jaxon Mining brings in over $776,000 via latest tranche of financing

The Zijin Midas Exploration Fund, already a strategic shareholder of Jaxon, participated in the financing.
Jaxon Mining brings in over $776,000 via latest tranche of financing
Hazelton is a silver-zinc VMS (volcanogenic massive sulfide) target in British Columbia

Jaxon Mining Inc (CVE:JAX) has closed another tranche of its previously announced financing, bringing in $776,347.52 to further advance its Hazelton silver-zinc VMS target in British Columbia.

The firm issued over 2.42mln flow-through shares at 32 cents a pop.

The total proceeds raised in the flow-through financing to date, including the first close, which was announced on November 13 this year is C$1,472mln.

The Zijin Midas Exploration Fund, already a strategic shareholder of Jaxon, participated in the financing.

"Proceeds will contribute to financing the nearly complete fall/winter 2017 drill program at Jaxon's Hazelton silver-zinc VMS target in British Columbia's prolific Skeena Arch," the firm said.

"Proceeds will also contribute to data integration and modelling from historic work at Jaxon's Moore Creek project in Northern British Columbia's Golden Triangle."

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