Exploration company Probe Gold has announced a C$10-million bought-deal financing to fund exploration and drilling at projects in Quebec.
The company, which is listed on the TSX, entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, which will buy on a bought-deal basis 4 545 400 flow-through common shares at C$2.20 a share.
The net proceeds will be used for the Novador and Detour projects.