South Pacific Metals (SPMC.V) has confirmed it is planning to complete a program of sampling, trenching and drilling to advance its May River, Osena, Ang and Kili Teke projects. The surface exploration programs will continue (and will hopefully identify additional targets) while SPMC also plans to drill-test some of its high-priority targets.
SPMC recently completed a C$6.3M raise by issuing units at C$0.48. Each unit consisted of one common share as well as half a warrant with each full warrant allowing the warrant holder to acquire an additional share at C$0.90 during a two year period.
Disclosure: The author has a long position in South Pacific. Please read the disclaimer.
