Eskay Mining announces $10 Million private placement
|Red Lightning prospect. Image credit: Eskay Mining.|
(Kitco News) - Eskay Mining (TSXV:ESK)(OTCQB:ESKYF) announced that it has entered into an agreement with Echelon Wealth Partners and Eight Capital as co-lead agents that have agreed to sell, on a “best efforts” private placement basis, up to approximately $10,000,000 of units, traditional flow-through shares, and flow-through units of the company.
The net proceeds from the offering will be used to fund the company’s exploration activities, and for general corporate purposes.
Eskay Mining is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the “Golden Triangle,” approximately 70km northwest of Stewart, BC. The company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).