💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Banks Island Gold announces $3 mln equity financing

Published 2015-12-01, 09:48 a/m
© Reuters.  BRIEF-Banks Island Gold announces $3 mln equity financing
BOZh
-

Dec 1 (Reuters) - Banks Island Gold Ltd BOZ.V :
* Announces update, share consolidation, and $3M equity financing
* Says plans to recommence operations at its yellow giant project subject to
completing sufficient financing
* Says tel mine is fully permitted but is subject to a shutdown order issued by
the bc ministry of mines
* It will be filing for and seeking approval of consolidation of co's issued
and outstanding share capital with tsx venture exchange
* Intended consolidation will be on a basis of one post-consolidation common
share for every ten pre-consolidation common shares
* Offering to sell up to 10 million common shares at price of $0.30 per common
share, on post-consolidation basis
* Proceeds from issue of common share units will be used complete permit
amendments applications for yellow giant project

Source text for Eikon
Further company coverage BOZ.V

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.