Premier Gold Mines (TSX:PG) has upsized and closed its previously announced private placement for gross proceeds of $9,187,500 on the sale of 3,750,000 flow-through shares.

As quoted in the press release:

The proceeds from the Offering will be used for exploration activities on the Corporation’s Canadian mineral exploration projects. All Flow-Through Shares issued under the Offering are subject to a four-month plus one day hold period pursuant to applicable Canadian securities laws.

Click here to read the Premier Gold Mines (TSX:PG) press release