- Write by:
-
Tuesday, April 13, 2021 - 1:26:46 PM
-
596 Visit
-
Print
Mining News Pro - Precious metals miner Yamana Gold has invested C$20.64-million in explorer and developer Ascot Resources, which is restarting the past-producing Premier gold mine, in British Columbia’s Golden Triangle.
Ascot reported on Monday that it had entered into an agreement with Stifel for a private placement of 24-million shares at C$0.86 a share. Under the underwriting agreement, Yamana has agreed to be the substitute purchaser, the result of which is that it would buy all the shares under the offering.
“The bought deal private placement and investment by Yamana arose subsequent to the bought deal financing which closed last Friday. This additional funding will facilitate the company’s ability to accelerate its surface and underground exploration during construction. We are delighted with having Yamana as a shareholder,” said president and CEO Derek White.
On closing of the offering, Yamana will own about 6.4% of Ascot’s basic shares.
On Friday, Ascot closed a C$61-million bought deal, having upsized it from C$55-million.
Short Link:
https://www.miningnews.ir/En/News/612108
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
No comments have been posted yet ...