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
April 25, 2023
Satori Acquires Rob McEwen’s Apollo Exploration
April 12, 2023
Newmont Announces First Quarter 2023 Earnings Call
February 16, 2023
Kinross 2022 operating year had highest production and lowest costs
February 6, 2023
First Mining To Sell Non-Core Royalty Portfolio For C$6.7 Million
May 9, 2023
Gowest Shows Value
May 9, 2023
Galleon Gold to make major break-through in 2023
May 4, 2023
What’s in Store for Gold in 2023