The shares, which the company has said are held 60% by management and directors, rose by 28% to C$0.83 apiece by mid-Wednesday in Toronto. The shares are up nearly 340% since listing in March at C$0.19. The company is valued at C$27.5 million.
About 3.8 million shares are to be offered through Canada’s charity flow-through regime at a price of C$0.78 apiece for gross proceeds of around C$3 million, Ramp said. Another 2.7 million shares are to be priced C$0.55 each to raise about C$1.5 million, it said.
Rottenstone mine
CEO Jordan Black commented this month on how a second set of drill results at Rottenstone SW, which is on the same trend as the historic Rottenstone mine, hit mineralization 3 km away from the June Ranger result.
“It shows a cross-regional strike,” the executive said by phone July 8. “Hitting gold in all four holes on our first four holes ever on the property is something people dream of their whole…
