Stockwatch reported a range of Canadian miners conducting capital raises today (26 June), including Cassiar Gold (TSX-V:GLDC), which is currently brokering a private placement to raise up to C$5 million ($5.59 million).
Red Cloud Securities is acting as the sole agent and bookrunner for this placement.
The company will issue up to 11.1 million flow-through units at a price of $0.36 per unit for up to C$4 million, before a remaining 4 million units are issued to raise the remaining C$1 million.
Each flow-through unit comprises one flow-through share and one purchase warrant, which entitles the holder to purchase additional shares at a price of C$0.5 for 24 months following the closing date.
This capital raise will replace and terminate Cassiar’s previously announced placement, still intending for funds to cover Canadian exploration expenses at its namesake gold project, as reported by Mining.com.au.
Cassiar…
