Cantor Fitzgerald Canada Corporation and Cantor Fitzgerald & Co. led a syndicate of placement agents for the Offering, which included Roth Capital Partners, LLC, A.G.P./Alliance Global Partners, and H.C. Wainwright & Co., LLC. PearTree Securities Inc. structured the flow-through donation placement.
McEwen said the funds will be primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West, representing the next area of production growth at the Fox Complex.
The Fox Complex comprises several mine properties covering 70 sq.km. along the Destor-Porcupine fault, also known as the ‘Golden Highway’, home to many of the richest gold mines in both Ontario and Quebec.
Its main properties include Black Fox, Stock and Lexam. Together, the Fox Complex properties, led by the new Froome mine that entered production in 2021, had 36,650 gold-equivalent…
