https://www.miningweekly.com

Probe raises C$15m for exploration

31st May 2024

By: Creamer Media Reporter

     

Font size: - +

Exploration and development company Probe Gold has announced a C$15-million bought-deal private placement to fund exploration and development at Canadian projects.

The Toronto-listed firm will offer 2.07-million non-flow-through shares at C$1.21 each for C$2.5-million and 6.31-million shares at C$1.98 a share for C$12.5-million.

Probe will use the proceeds of the offering to continue exploration and drilling at its flagship Novador project, in Quebec, and its early-stage Detour gold project, in Ontario.

At Novador, Probe is planning a mine that can produce up to 255 000 oz over 12.6 years.

The offering will close on June 19.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 
Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 25 September 2026
Magazine round up | 25 September 2026
25th September 2026

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:0.071 0.094s - 146pq - 2rq
Subscribe Now