May 10, 2016 / 3:37 PM / a year ago

BRIEF-Prism Resources says will issue a minimum of 10 mln units under private placement

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May 10 (Reuters) - Prism Resources Inc

* Prism announces private placement

* Says will issue a minimum of 10 million units under placement

* Says to raise gross proceeds of approximately $1 million

* Says approximately 80% of proceeds will be used to finance exploration of company's Huampar project in PERU Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

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