Aya Gold & Silver: Constructive Assay Results At Flagship Property
On June 8, Aya Gold & Silver Inc. (TSX: AYA) announced constructive, high-grade assay results from its 2021 drilling program at the Zgounder Silver Mine in Morocco. (Morocco is a constitutional monarchy with a favorable tax environment for mining projects.) To date, Aya has completed 22,000 meters of a planned 41,000-meter drilling program at the mine […]
Gold: The Majors Have Yet To Catch Investor Interest – The Daily Dive
For the final episode of the Daily Dive for the trading week, we sit down with Christopher Mancini, a research analyst for Gabelli Gold Fund. We sit down with Chris to discuss the implications of inflation running hot, the metrics he utilizes to evaluate the gold market, the impact of the crypto market on gold, […]
Building Construction Investment Jumps 6.3% in April
Investment in building construction marked yet another increase in April, rising by 6.3% amid a strong jump in investments towards residential construction. According to Statistics Canada, investment in building construction totalled $19.9 billion, as the residential construction sector rose for the twelfth consecutive month. In comparison, non-residential construction has yet to reach its pre-pandemic levels. […]
Great Atlantic Resources Closes $2.0 Million Financing, Sees Sprott Participate
Great Atlantic Resources Corp. (TSXV: GR) today reported that the company has closed its private placement offering for total gross proceeds of approximately $2,060,000. The offering consisted of $1,360,000 in flow-through units of Great Atlantic at a price of $0.68 per FT Unit, and $700,000 worth of units at a price of $0.50 per unit. […]
Braille Energy Systems Raises $1.0 Million In First Tranche Of Financing
Braille Energy Systems (TSXV: BES) today announced the completion of the first tranche of the company’s previously announced non-brokered placement that sees the company looking to raise $1.5 million in gross proceeds. The tranche saw a total of $1.0 million in gross proceeds raised. The company indicated that the tranche has closed conditionally, subject to […]
Aya Gold & Silver Closes $15.2 Million Algold Acquisition
Aya Gold & Silver Incorporated (TSX: AYA) announced this morning the closing of the previously announced acquisition of Algold Resources (TSXV: ALG). The transaction is reported to be for total consideration of $15.2 million. The company paid the acquisition price in a combination of cash and shares: 2,133,333 shares issued to secured creditors, 307,294 shares […]
Grande Portage Raises $3.8 Million In Private Placement
Grande Portage Resources (TSXV: GPG) yesterday announced the closing of their previously announced financing. The financing saw the company raise total proceeds of $3.8 million via series of tranches. Under the terms of the financing, a total of 7.8 million units of the company were sold at a price of $0.48 per unit. Each unit […]
Enthusiast Gaming Prices Financing, Looks To Raise US$46 Million
Enthusiast Gaming Holdings Inc. (TSX: EGLX) announced today the pricing of its previously announced equity offering made with a syndicate of underwriters led by RBC Capital Markets and Canaccord Genuity. The company is now looking to raise aggregate proceeds of US$46 million. Under the terms of the offering, the firm pegged the share price at […]
Sona Nanotech Halts COVID-19 Rapid Saliva Test Trials, Drops Research Program
Sona Nanotech (CSE: SONA) this morning had bombshell news, in that it has discontinued its clinical trial for a COVID-19 rapid antigen saliva test. The announcement follows the news from just two months ago that the company would be working with Humber River Hospital in Toronto to determine the clinical performance of the test. In […]
Columbia Care Completes $240 Million Acquisition Of Green Leaf Medical
Columbia Care Inc. (CSE: CCHW) announced today that it has completed the acquisition of cannabis multi-state operator Green Leaf Medical. The upfront consideration for the transaction is approximately US$240 million. The acquisition price is composed of US$45 million in cash and US$195 million in Columbia Care shares, with additional potential performance-based milestones in the next […]