Loading ...Sabina Gold & Silver (TSX: SBB) has completed a bought deal offering with a syndicate of underwriters led by BMO Capital Markets for gross proceeds of C$126.5 million (approximately $100m). The company is owner of the Back River gold district in Nunavut hosting a total of six properties, including the advanced-stage Goose mine project.
This round of financing saw Sabina issue approximately 81.6 million of its common shares, including the underwriters’ over-allotment option, all priced at C$1.55 each. Zhaojin International Mining participated in this financing and purchased about 7.8 million shares for a total of C$12.1 million.