January 31, 2017 / 1:40 PM / 7 months ago

BRIEF-Volcanic proposes $5.0 million private placement

Jan 31 (Reuters) - Volcanic Gold Mines Inc

* Volcanic proposes $5.0 million private placement

* Volcanic Gold Mines Inc - it proposes to complete a non-brokered private placement financing of up to 12.5 million units at $0.40 per unit

* Volcanic Gold Mines Inc - proceeds of placement are intended to be used for exploration of recently acquired mandiana project located in guinea Source text for Eikon: Further company coverage:

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