- Blackrock Gold Corp. (BRC) has entered into an agreement with Red Cloud Securities Inc. to act as lead underwriter for a C$7 million bought deal public offering
- Gross proceeds from the offering will be C$7,020,000
- The underwriters have been given the option to purchase up to 1,462,500 additional units at $0.72 per unit to raise additional gross proceeds of up to $1,053,000
- The offering is scheduled to close on or about February 19, 2021
- The net proceeds will be used to fund the exploration of the company’s Tonopah West and Silver Cloud properties in Nevada and for working capital
- Blackrock Gold Corp. (BRC) is trading at C$0.72 at 11:45 am EST
Blackrock Gold Corp. (BRC) has entered into an agreement with Red Cloud Securities Inc. to act as lead underwriter for a C$7.0 million bought deal public offering.
A group of underwriters, represented by Red Cloud Securities Inc, have agreed to purchase 9,750,000 units of Blackrock Gold at a price of C$0.72 per unit on a “bought deal” basis for resale. The gross proceeds from this offering are C$7,020,000.
Blackrock Gold has granted the underwriters an option to purchase up to 1,462,500 additional units at the set per-unit price of $0.72 to raise additional gross proceeds of up to C$1,053,000. The Over-Allotment Option will be exercisable in whole or in part, at any time for a period of 30 days from the closing date of the offering.
The offering is scheduled to close on or about February 19, 2021.
The net proceeds will be used to fund the exploration of the company’s Tonopah West and Silver Cloud properties in Nevada and for working capital.
Blackrock Gold Corp. (BRC) is trading at C$0.72 at 11:45 am EST.
