June 5 (Reuters) - Savant Explorations Ltd SVT.V
* Savant Explorations Ltd. Announces $500,000 financing
* Says arranged a private placement of $500,000 at a price of $0.05 per common share
* Savant explorations ltd - proceeds will be used to advance company's wholly-owned blue moon zinc project Source text for Eikon: ID:nCCN5M2xja Further company coverage: SVT.V