Looking for cash

Crowflight Minerals Inc. is seeking a funding boost by making a $30-million private placement that will be mainly used to purchase equipment and finance the Bucko Lake Mine. By issuing up to 600 million shares at $0.05 a unit, the company hopes to restart production at the facility, which has been shut down since fall 2010. Crowflight is also dealing with the direct takeover of mine operations from a contractor as well as changes in corporate management.