Sabina Gold to Raise C$35 Million to Advance Goose Project, Canada
[Click image to enlarge]
Sabina Gold & Silver has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, which the underwriters have agreed to buy on a bought deal basis for gross proceeds of approximately C$35 million.
The net proceeds from the sale of the common shares will be used to advance development of the company’s Goose Project at the Back River Gold District with the objective of funding critical path activities needed to be completed in order to maintain the targeted production schedule, including the purchase of certain mining and construction equipment, site infrastructure facilities, structural steel for process plant building and other structures, winter-ice-road equipment, bulk construction supplies, completion of select earthworks at Goose site, construction activities related to bulk fuel storage at the Port and Goose sites to prepare for project fuel requirements.
About Sabina Gold & Silver
Sabina Gold & Silver Corp., a precious metals company, engages in the exploration and development of mineral resource properties in Canada. The company primarily explores for gold deposit. Its flagship projects include Back River gold project comprising Goose, George, Boulder, Boot, and Del properties, as well as the port facility at Bathurst Inlet that covers an area of approximately 564 square kilometeres located in southwestern Nunavut, Canada; and silver royalty on the Hackett River project that consists of approximately 10,637 hectares, located in Nunavut, Canada. The company was formerly known as Sabina Silver Corporation and changed its name to Sabina Gold & Silver Corp. in October 2009.
To stop by Sabina’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2020 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
