Gold and Silver

HighGold announces C$9.3m financing with Sprott

HighGold announces C$9.3m financing with Sprott
Mining News Pro - HighGold Mining announced Friday it has entered into an agreement with Sprott Capital Partners LP, under which a syndicate of underwriters led by Sprott will purchase, for their own account or arrange for substituted purchasers on a bought-deal private placement basis, C$9.3 million of securities of the company.
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According to Mining News Pro - The financing comprises 1.28 million flow-through common shares at C$1.80 each (total C$2.3 million) and 5.6 million common shares at C$1.25 per share (total C7.0 million). Additionally, the underwriters will be granted an option to increase the size of financing by up to an additional 20% of the number of offered securities.

HighGold intends to use the net proceeds from the common share offering for ongoing exploration and development work on its properties.

The Vancouver-based gold miner is currently focused on the advanced-stage Johnson Tract polymetallic project located near tidewater in south-central Alaska, as well as the Munro-Croesus, Golden Mile and Golden Perimeter projects in Ontario.


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