Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

St James Gold Corp V.LORD

Alternate Symbol(s):  LRDJF

St. James Gold Corp. is engaged in the acquisition, exploration and development of mineral resource properties located in Canada. The Company holds a 100-per-cent stake in 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.’s Queensway North project; and a 100-per-cent stake in nine claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. Its Grub Line property is located 3.5 kilometers west of the town of Gander, NL. The Quinn Lake Property comprises two contiguous mineral licenses totaling 700 hectares (ha).


TSXV:LORD - Post by User

Post by Justdosomeddon Aug 06, 2021 4:17pm
128 Views
Post# 33664792

Opening a $4M Brokered Private Placement!

Opening a $4M Brokered Private Placement!
Yesterday $LORD (St. James Gold Corp) announced the opening of a brokered private placement. They'll be offering a few things in the private placement.
 
- 931,667 units for $3.22
 
- Up to 259,067 flow-through (FT) units at $3.86 per FT unit
 
- $LORD will be looking for an aggregate gross to the Company of up to $4M
 
- Each “unit” comprises of one share and a 3-year warrant exercisable for $4.18
 
- The offering will be conducted around Canada and the US
 
- Will close on August 26th
 
$LORD intends to use the net proceeds of the Offering to conduct drilling on the Florin Gold Project, exploration activities on the Company’s Newfoundland properties and for general corporate purposes.
 
Read the full article here: https://ca.finance.yahoo.com/news/st-james-gold-corp-tsx-223700608.html
 
This is great news for $LORD; with a $71M market cap, a $4M financing will allow them to fund exploration activities on their gold projects with minimal stock dilution. Gold is at the lowest point in a month and is looking ripe for a comeback (which will help gold miners’ stocks), will be keeping a close eye on future developments!
 
(TSXV: LORD) (OTC: LRDJF)
<< Previous
Bullboard Posts
Next >>