Source: LinkedIn
  • Starcore International Mines (SAM) has announced a non-brokered private placement for gross proceeds of up to $1,200,000
  • The placement will consist of up to 6,000,000 units for $0.20 per unit
  • Proceeds will fund geophysical surveys at the company’s properties in Mexico
  • Starcore is engaged in precious metals production, focusing on Mexico
  • Starcore International Mines Ltd. (SAM) opened trading at C$0.28 per share

Starcore International Mines (SAM) has announced a non-brokered private placement for gross proceeds of up to $1,200,000.

The placement will consist of up to 6,000,000 units for $0.20 per unit. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable to purchase one common share for four years.

Proceeds will fund geophysical surveys at the company’s properties in Mexico.

Starcore is engaged in precious metals production, focusing on Mexico. 

Starcore International Mines Ltd. (SAM) opened trading at C$0.28 per share.

More From The Market Online

Robex on track for imminent gold production in Guinea

Robex Resources (TSXV:RBX) delivers ore to its Kiniéro project in Guinea, West Africa, in preparation for an initial gold pour.

Teck Resources adds critical metals stock to its portfolio

Mining giant Teck Resources (TSX:TECKA) will take a 9.9 per cent stake in critical metals explorer Metal Energy (TSXV:MERG).

Monument Mining: A 10-bagger gold stock on the rise

Monument Mining (TSXV:MMY) posted a 275% return year-over-year, rising to 1,212.50% since 2020, but has plenty of room to run.