Shear Minerals Ltd. (TSX VENTURE:SRM) announced that it has closed a non-brokered private placement for gross proceeds of $1,004,566 with the sale of 4,650,000 units at a price of $0.05 per Unit and 11,877,941 units at a price of $0.065 per FT Unit. This is however, subject to final TSX Venture Exchange acceptance.

The press release is quoted as saying:

Shear is a Canadian-based exploration company focused on diamond exploration in the Canadian North, where it explores in established diamond districts and has discovered new ones.

Click here to access the entire press release ^[1]

Click here to access Shear Minerals Corporate Site ^[2]