Source: Northern Ontario Business
  • Hemlo Explorers (HMLO) has closed a non-brokered private placement with a wholly-owned subsidiary of Barrick Gold Corporation
  • The company issued 1,841,468 common shares priced at $0.1052 per common share for gross proceeds of $193,722.43
  • The proceeds of the private placement will be used for general corporate purposes and exploration of the company’s properties
  • Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of projects in Ontario and Nunavut
  • Hemlo Explorers Inc. opened trading at $0.085 per share

Hemlo Explorers (HMLO) has closed its previously announced non-brokered private placement with a wholly-owned subsidiary of Barrick Gold Corporation.

The company issued 1,841,468 common shares priced at $0.1052 per common share for gross proceeds of $193,722.43.

The proceeds will be used for general corporate purposes and exploration of the company’s properties.

All securities issued in connection with the private placement are subject to a statutory hold period expiring January 1, 2023.

Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of projects in Ontario and Nunavut.

Hemlo Explorers Inc. opened trading at $0.085 per share.

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