St. James Gold Corp. (TSXV:LORD) will look for acquisitions.

The company announced that it has closed the previously announced non-brokered private placement (the 'Placement') and has issued 886,668 units ('Units') at a price of $0.15 per unit for gross proceeds of $133,000. The proceeds of the Offering will used to pay outstanding indebtedness, conduct exploration work on the company's Newfoundland properties, to conduct due diligence on potential acquisitions, and for general corporate purposes.