Skeena, White Horse and Galantas boost coffers
Canadian junior Skeena on Monday said that it had closed its previously announced bought deal public offering, raising about C$57.5-million.
The company, which focuses on revitalising the past-producing Eskay Creek gold/silver mine in the Golden Triangle, issued 18 548 388 common shares at C$3.10 each to raise the cash.
The offering was completed through a syndicate of underwriters co-led by Raymond James and Canaccord Genuity, and including Clarus Securities, RBC Dominion Securities, Sprott Capital Partners and Desjardins Securities.
The net proceeds of the offering would be used to fund exploration and development activities at the Eskay Creek project and Snip gold project.
Meanwhile, Whitehorse Gold, which focuses on its Skukum gold project, in southern Yukon, said it had raised C$15.26-million.
Its offerings consisted of a brokered private placement offering of units and flow-through units for aggregate gross proceeds of C$13.44-million and a nonbrokered offering for gross proceeds of C$1.82 million.
Under the offerings, the company issued 6 287 300 units and 3 646 025 flow-through units.
Whitehorse CEO Kevin Weston commented that the company was now well prepared to initiate its 2021 exploration programme at Skukum.
Further, TSX-V-listed Galantas Gold said it had closed its oversubscribed private placement to fund the Galantas gold mine in Northern Ireland to full production and accelerate exploration plans.
The placement resulted in the issuance of 26 663 264 units at C$0.30 each for aggregate gross proceeds of almost C$8-million.
Precious metals investor Eric Sprott put C$1.9-million into Galantas and investor Michael Gentile C$1.2-million.
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