Moneta Gold arranges $10 million bought deal financing - CanadianInvestor CanadiansInvest
-OTCQX, MOP-XETRA] said it has arranged a bought deal private placement offering with an underwriting syndicate that is expected to raise $10.08 million with proceeds earmarked for the Tower Gold project in Ontario.
Moneta Gold is an exploration company with a focus on advancing the 100%-owned Tower Gold project, which is located 100 kilometres east of Timmins, Ont. The company said the 2022 drilling program will support a revised mineral resource estimate that will be the focus of a pre-feasibility study planned for 2023.
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