Radius Gold Group chairman Simon Ridgeway joined Steve Darling from Proactive to share news the company closed a non-brokered private placement for gross proceeds of just over $1.9 million.
Ridgeway telling Proactive the company is looking to use the funds for a drill program and exploration on the Tropico project in Mexico. Radius expects to conclude preparations for drilling along with drill permitting soon and drilling will begin immediately.
The success of Tropico can be attributed to the keen eye of Bruce Smith, the president of Radius Gold, who recognized the potential while passing by a farmer's field that caught his eye.
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