McEwen Mining raising $15million to develop Froome deposit near Black Fox
McEwen Mining Inc. has announced a financing to fund development of the Froome deposit, which is expected to reach commercial production in Q4 2021, located at the Fox Complex in Timmins.The financing consists of a US$11,821,000 (Cdn$15,000,000) private placement offering (the “Offering”) of 11,628,000 flow-through common shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) priced at US$1.02 (Cdn$1.29) per flow-through common share (the “Offering Price”) led by Cantor Fitzgerald Canada Corporation as agent and sole bookrunner. The Offering is expected to close on or before January 28, 2021 (the “Closing”) and is subject to customary closing conditions, including approval from the TSX and NYSE.
Tags: Northern Ontario / Deals & Financial / Gold / All Articles
December 7, 2023
Moneta believes significant promise as it hits 7.46 g/t Au over 31.55 m at Jonpol section of Tower Gold
December 7, 2023
Northstar looks to raise $1.1m with non-brokered Private Placement
December 6, 2023
The Way Forward - Webequie First Nation
December 6, 2023
Newmont Musselwhite - a Pretty Exciting Place to Work
December 7, 2023
Northstar looks to raise $1.1m with non-brokered Private Placement
December 4, 2023
West Red Lake Gold announces Sprott’s investment of US$2,631,463
December 1, 2023
Dryden Gold Corp. Announces Proposed Business Combination Transaction and Concurrent Financing
November 30, 2023
KWG extends expiry dates for outstanding warrants
December 7, 2023
Moneta believes significant promise as it hits 7.46 g/t Au over 31.55 m at Jonpol section of Tower Gold
December 6, 2023
Newmont Musselwhite - a Pretty Exciting Place to Work
December 6, 2023
Wesdome looking to boost production at Eagle River and Kiena Mines
December 6, 2023
Goldshore PEA imminent for Moss Lake