OTCQX:BALMF - Post by User
Post by
surveyor2582on Sep 15, 2017 4:07pm
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Post# 26703036
Balmoral Closes $4.1 Mln Private Placement of Flow-Through
Balmoral Closes $4.1 Mln Private Placement of Flow-Through Balmoral Closes $4.1 Mln Private Placement of Flow-Through Common Shares
03:52 PM EDT, 09/15/2017 (MT Newswires) -- Balmoral Resources (BAR.TO) shares have been trading at $0.66 for most of the day and look set to close there after overcoming a slight blip that took it back to its open price of $0.65 around about the time the company said it closed its previously announced flow-through private placement, issuing 5.72 million flow-through common shares at $0.71 each for gross proceeds of $4.1 million.
The company will use the proceeds from the offering to continue exploration at its Detour Gold Trend project in Quebec, and for the exploration of its other gold properties in Canada.
Price: 0.66, Change: 0, Percent Change: 0