TORONTO (CP) -- Shares in Breakwater Resources Ltd. jumped up four per cent Friday morning, topping the Toronto Stock Exchange most-active list.
The exploration company's shares [TSX:BWR] were up a cent and a half to C39 cents a share, with about 3.5 million shares trading hands.
Breakwater Resources had announced a $10-million loan from French bank Natexis Banques Populaires Thursday, funds it said it plans to put toward its Myra Falls mine in British Columbia.
Breakwater also concluded a C$1.38 million private placement of three million flow-through common shares, at 46 cents per share.
The company said it plans to use those proceeds for exploration in Quebec, around its Bouchard-Hebert and Langlois mines.
Breakwater has mines in Canada, Tunisia, Honduras and Chile.
(c) The Canadian Press 2005
