Doré Copper Mining - President and CEO, Ernest Mast
President and CEO, Ernest Mast
Source: CBC Canada
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  • Doré Copper Mining (DCMC) has closed its previously announced bought deal private placement
  • Aggregate gross proceeds from the offering totalled $14,636,090, including the full exercise of the underwriters’ option
  • The corporation paid the underwriters, Cormark Securities Inc. and Paradigm Capital Inc., a cash commission of $824,165.40
  • Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec
  • Doré Copper Mining Corp. (DCMC) is unchanged, trading at C$0.96 per share at 11:25 am ET

Doré Copper Mining (DCMC) sold 9,636,050 common shares and 2,907,000 flow-through common shares for gross proceeds of $14,636,090.

Cormark Securities Inc. and Paradigm Capital Inc. acted as underwriters pursuant to an underwriting agreement dated June 11, 2021. The corporation paid the underwriters a cash commission of $824,165.40 and a reduced cash commission equal to 3 per cent of the aggregate gross proceeds from the sale of shares to certain subscribers on the President’s List. The corporation also paid $80,000 in administrative fees.

The net proceeds will be used for exploration and development activities and for working capital and general corporate purposes. 

Doré Copper Mining Corp. is a copper-gold explorer and developer in the Chibougamau area of Québec.

Doré Copper Mining Corp. (DCMC) is unchanged, trading at C$0.96 per share at 11:25 am ET.

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