- Starcore International Mines (SAM) has announced the closing of a non-brokered private placement for gross proceeds of $1,200,000
- The company will issue 6,000,000 units priced at $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$0.25 per share
Starcore International Mines (SAM) will conclude its previously announced private placement upon receiving TSX approval.
Upon closing, the company will issue 6,000,000 units priced at $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.
All securities issued will be subject to a four-month hold period.
The company will pay a finder’s fee of $48,000 to Rodea GmbH.
Proceeds will fund geophysical surveys at the company’s properties in Mexico.
Starcore is engaged in precious metals production, focusing on Mexico. Some of its projects include San Martin, El Creston, and Toiyabe.
Starcore International Mines Ltd. (SAM) opened trading at C$0.25 per share.