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Starcore (TSX:SAM) announces $1.2M private placement

Mining, The Market Online Deal Room
TSX:SAM
04 July 2022 08:30 (EST)

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. 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.

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