Dore Copper Mining Announces $13.0 Million Bought Deal Financing

Dore Copper Mining Corp (TSXV: DCMC) this morning announced that it has entered into an arrangement with Cormark Securities and Paradigm Capital to conduct a bought deal financing. The financing is to consist of a $8.0 million bought deal for common shares of the company, as well as a $5.0 million bought deal for flow through shares.

Under the terms of the financing, the common share offering is to be priced at $1.00 per share, resulting in 8.0 million shares of the issuer being sold. The flow through offering meanwhile is being conducted at a price of $1.72 per flow through share, resulting in a total of 2.9 million shares being sold. No warrants are being offered in connection with the financings.

An over-allotment option for an additional 1.6 million common shares has been issued in connection with the financing as well.

Proceeds from the offering are to be used for exploration and development activities, as well as working capital and general corporate purposes.

The financing is currently slated to close June 9, 2021.

Dore Copper Mining Corp last traded at $1.08 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Max Resource Corp Reports On Further Sample Assays From CESAR

Max Resource Corp (TSXV: MXR) this morning reported further results from its ongoing exploration of...

Tuesday, August 10, 2021, 08:10:15 AM

Copper Supply Disruptions Mount as Congo Halts Mine Operation Due to Radiation

Operations have been suspended at the La Compagnie Minière de Musonoie (COMMUS) copper and cobalt...

Monday, April 22, 2024, 03:04:00 PM

Congo Bans Copper and Cobalt Exports Following Ivanhoe Mines Project Debut

The Democratic Republic of Congo (DRC) has once again banned exports of of copper and...

Saturday, May 29, 2021, 11:22:00 AM

Adventus, Salazar Intersect 11.55% Copper Equivalent Over 16.86 Metres At El Domo Deposit

Adventus Mining Corporation (TSXV: ADZN) and Salazar Resources Limited (TSXV: SRL) announced this morning the...

Wednesday, May 12, 2021, 08:03:20 AM

Interra Copper Sees Jason Nickel Selected To Helm Company

Interra Copper (CSE: IMCX) this morning announced the appointment of a new Chief Executive Officer...

Thursday, August 12, 2021, 08:46:09 AM