Sabina Gold & Silver - CEO, Bruce McLeod.
CEO, Bruce McLeod.
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  • Sabina Gold & Silver (SBB) has closed the second tranche of a private placement with Orion Mine Finance and Wheaton Precious Metals Corp
  • The equity private placement with Zhaojin International Mining Co. Ltd (Zhaojin) has closed
  • The company issued 16,905,354 common shares to Orion and 4,508,094 common shares to WPM and 8,784,310 common shares to Zhaojin for total net proceeds of approximately C$39.3 million
  • Sabina Gold & Silver develops district scale, advanced and high-grade gold assets in Nunavut
  • Sabina Gold & Silver Corp. (SBB) is up 0.61 per cent on the day, trading at $1.65 per share at 3:30 pm EST

Sabina Gold & Silver (SBB) has closed the second tranche of a private placement with Orion Mine Finance and Wheaton Precious Metals Corp.

The equity private placement with Zhaojin International Mining Co. Ltd (Zhaojin) has also closed.

The company issued 16,905,354 common shares to Orion and 4,508,094 common shares to WPM and 8,784,310 common shares to Zhaojin for total net proceeds of approximately C$39.3 million.

“This funding gives us the financial flexibility to continue site activities and hedge against inflation with the early procurement of items needed for the building of the Goose Mine,” said Bruce McLeod, President & CEO. “We look forward to closing the third tranche of this financing in Q2, 2022.”

Sabina Gold & Silver develops district scale, advanced and high-grade gold assets in Nunavut.

Sabina Gold & Silver Corp. (SBB) is up 0.61 per cent on the day, trading at $1.65 per share at 3:30 pm EST.

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