- York Harbour Metals (YORK) has closed a private placement for gross proceeds of approximately $11.46 million
- The company issued 2,625,600 units, 4,987,228 flow-through units and 1,900,000 charitable flow-through units
- The net proceeds will be used for exploration and development of the company’s York Harbour Project in Newfoundland
- York Harbour Metals is an exploration and development company focused on its York Harbour Copper-Zinc-Silver Project
- York Harbour Metals Inc. (YORK) is up 2.22 per cent on the day, trading at C$0.92 per share at 12 pm ET
York Harbour Metals (YORK) has closed its previously announced private placement for gross proceeds of approximately $11.46 million.
The company issued 2,625,600 units, 4,987,228 flow-through units and 1,900,000 charitable flow-through units.
The net proceeds will be used to explore and develop the company’s York Harbour Project located in Newfoundland and for general working capital purposes.
The offering was conducted by Research Capital Corporation and Red Cloud Securities Inc. as joint bookrunners, together with Haywood Securities Inc. as co-lead agents, and together with Canaccord Genuity Corp.
The agents received a cash fee of $548,740 and 432,134 non-transferable compensation warrants. The agents also received an advisory fee of $29,877 and 154,636 advisory broker warrants.
York Harbour Metals is an exploration and development company focused on its York Harbour Copper-Zinc-Silver Project, located near Corner Brook, Newfoundland.
York Harbour Metals Inc. (YORK) is up 2.22 per cent on the day, trading at C$0.92 per share at 12 pm ET.