Make Kitco Your Homepage

Melkior Resources partners with Kirkland Lake Gold

Kitco News

Melkior Resources (TSXV:MKR) announced yesterday that it received funding from Kirkland Lake Gold.

Melkior will raise $1,000,000 by way of a non-brokered private placement to Kirkland of up to 1,250,000 units at a price of $0.80 per unit.

Kirkland also acquired an option on Melkior's Carscallen Property, located 25 kms west of Timmins.

“We are extremely proud to announce this landmark equity investment and potential joint-venture agreement with one of the world’s most respected gold mining companies. We believe this may provide our shareholders with the upside of discovery with limited share dilution to advance the Property. Kirkland Lake Gold CEO Tony Makuch was President and CEO of Lake Shore Gold, from 2008 until its acquisition by Tahoe Resources in 2016. The operation was later acquired again by Pan American Silver, which shares a 9km border with our Carscallen gold project," said Jonathon Deluce, CEO of Melkior Resources.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News