Feb 20 (Reuters) - Rapier Gold Inc RPR.V :
* Rapier Gold Inc announces private placement to continue exploration programs at pen gold project
* Non-brokered private placement for aggregate proceeds of up to $2.5 million
* Proceeds from issuance of units will be used to incur canadian exploration expenses on issuer's pen gold project Source text for Eikon: ID:nCCN69xq8g Further company coverage: RPR.V