https://www.miningweekly.com
Exploration|Flow|Gold|Mining|PROJECT|Flow|Operations
Exploration|Flow|Gold|Mining|PROJECT|Flow|Operations
exploration|flow-company|gold|mining|project|flow-industry-term|operations

Anaconda increases private placement

5th July 2019

By: Creamer Media Reporter

     

Font size: - +

TSX- and OTCQX-listed Anaconda Mining will increase the size of its nonbrokered private placement to raise $4.75-million.

The company now plans to issue up to 7.52-million flow-through units at a price of $0.35 and up to 7.85-million units at $0.27 a share.

It had previously planned to raise $3.5-million through the issue of 5.72-million flow-through units at $0.35 a unit and up to 5.56-million units at $0.27 a share.

Each flow-through unit will comprise one common Anaconda share and half of one common share purchase warrant, while each unit will comprise one common share and half of one share purchase warrant.

The funds raised through the issue of the flow-through units will primarily be used for exploration activities at Anaconda's Tilt Cove gold project, in Newfoundland, and at the high-grade Goldboro gold project, in Nova Scotia, while the funds raised through the unit portion of the offering will be used for exploration at Anaconda's existing mine operations and for general corporate purposes.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.148s - 93pq - 2rq
Subscribe Now