- Capitan Mining (CAPT) has announced its intention to embark on a non-brokered private placement
- The company plans to raise C$3 million by way of a non-brokered private placement of 15 million common shares at a price of C$0.20 per share
- Capitan plans to use the net proceeds from the private placement to advance drilling and work programs at the Cruz de Plata Gold & Silver Project in addition to funding working capital and general corporate expenses
- The closing of the private placement is expected to occur on or about October 21, 2022
- Capitan Mining Inc. is a junior exploration company focused on its 100-per-cent-owned gold and silver Cruz de Plata Silver and Gold Project in Durango, Mexico
- Capitan Mining Inc. opened trading at $0.24 per share
Capitan Mining (CAPT) has announced its intention to embark on a non-brokered private placement.
Through the non-brokered private placement, the company plans to raise C$3 million by way of a non-brokered private placement of 15 million common shares at a price of $0.20 per share.
Capitan plans to use the net proceeds from the private placement to advance drilling and work programs at the Cruz de Plata Gold & Silver Project in addition to funding working capital and general corporate expenses.
The closing of the private placement is expected to occur on or about October 21st, 2022. It is subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.
All securities issued pursuant to the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
Capitan Mining Inc. is a junior exploration company focused on its 100-per-cent-owned gold and silver Cruz de Plata Silver and Gold Project in Durango, Mexico.
Capitan Mining Inc. opened trading at $0.24 per share.