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Sprott opens check book again for Mistango

May 13, 2020

It's clear Eric Sprott likes to tango. Mistango River Resources announced late Tuesday that it is has approved up to $2,000,000 non-brokered flow-through private placement financing and Eric Sprott wants the lions' share, 75% or $1,500,000 .

"We are excited to announce yet another financing from Mr. Sprott, who continues to invest in Mistango, its assets and its team. This additional capital will be devoted to the exploration and drilling of our Eby - Baldwin property which is contiguous Kirkland Lake Gold's Macassa Project and forms the western extension of numerous major structures, including the Amalgamated, Main and Cadillac breaks," said Stephen Stewart , Director of Mistango River Resources.

Terms of the financing as follows:

  • FT units priced at 27.5 cents consisting of one flow through common share plus one half warrant, each full warrant being exercisable into one common share at 35 cents for 2 years.

Mistango is a Canadian-based exploration and development company focusing on its Eby - Baldwin and Omega Mine projects near Kirkland Lake, Ontario.

Sprott recently described Mistango as having the extension of the two main breaks to the Macassa Mine operated by Kirkland Lake Gold, in the historic Kirkland Lake Gold mining region.                                                                 

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