Aquiline Resources reports it intends to proceed with a non-brokered private placement financing for up to $10 million.

A lead order for 2,000,000 units has been committed by an institutional investor. Each Unit will be comprised of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable into one common share in the capital of the Company at any time on or before the date that is five years after the closing of the Private Placement at an exercise price of $3.00 per share.

For full details of this press release, click this link. ^[1] Silver Investing News researchers discovered Aquiline's non brokered private placement described on their website ^[2]. Follow developments in silver mining and exploration for free. Sign on to the Silver Investing Newsletter ^[3].