- Write by:
-
Saturday, November 9, 2019 - 10:56:56 AM
-
719 Visit
-
Print
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.
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.
Short Link:
https://www.miningnews.ir/En/News/442991
Mining News Pro - Canada’s Goliath Resources has welcomed Eric Sprott as “a new and significant shareholder” in the ...
Mining News Pro - Eric Sprott is continuing to sell off his holdings in Toronto-based mining firm Gran Colombia Gold ...
Mining News Pro - Mongolia-focused gold explorer Erdene Resource Development is set to receive a C$15 million investment ...
Mining News Pro - Erdene Resource Development Corporation has announced a nonbrokered private placement of about ...
Mining News Pro - Sprott Resource Holdings no longer has a stake in US coal miner Corsa Coal, disposing of the 16.24 ...
Mining News Pro - Canadian billionaire businessman Eric Sprott has made a large investment in advanced-stage explorer ...
Mining News Pro - Orefinders Resources has closed the flow-through portion of its previously announced private placement ...
Mining News Pro - The volatility and uncertainty created by the outbreak of the Covid-19 pandemic has scuppered a ...
Mining News Pro - Exploration activities at several Canadian project sites are winding down, as companies respond to the ...
No comments have been posted yet ...