Manicouagan Minerals is pleased to report that, on May 16, 2013, Flemish Gold closed its previously announced non-brokered private placement of 52,500,000 units of Flemish at a price of $0.10 per Unit, for aggregate gross proceeds of $5,250,000. Each Unit consisted of one common share in the capital of Flemish (each, a "Flemish Share") and one share purchase warrant (each, a "Warrant") of Flemish. Each Warrant
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