Make Kitco Your Homepage

Eclipse Gold Mining closes $12 million bought deal offering

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

(Kitco News) - Eclipse Gold Mining (TSXV: EGLD) announced that it closed a previously announced bought deal prospectus offering of 15,985,000 common shares of the company at a price of 75 cents per share for aggregate proceeds of $11.98 million, which includes the exercise in full of the underwriters' over-allotment option.

The Offering was conducted by a syndicate of underwriters co-led by Beacon Securities Limited and Canaccord Genuity.

Eclipse is exploring the district-scale Hercules gold property within Nevada's Walker Lane trend.

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.