March 10 (Reuters) - Wellgreen Platinum Ltd WG.TO :
* Announces $10 million equity investment by Electrum Strategic Opportunities
Fund L.P
* Intends to issue up to 60.5 million units in two separate tranches, at
$0.20/unit by way of a non-brokered private placement
* Net proceeds of private placement will be used for development of company's
Wellgreen pgm-nickel project in the Yukon
* Says private placement for total gross proceeds of up to $12.1 million
* Upon closing of the second tranche of the private placement, electrum will
own a 26.9% equity interest in the company
* Source text for Eikon ID:nCNWnXqKla
* Further company coverage WG.TO