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Sabina Announces Increase of Previously Announced Bought Deal to $16 Million
Oct. 18, 2010 03:53PM PST
Silver InvestingSabina Gold & Silver Corp (TSE:SBB) reports that the company has amended the terms of its previously announced $15 million equity bought deal.
Sabina Gold & Silver Corp (TSX:SBB) reports that the company has amended the terms of its previously announced $15 million equity bought deal.
The press release is quoted by saying:
The gross proceeds of the Flow-Through Common Shares will be used to aggressively advance the Company’s projects in Nunavut, particularly at Back River, with a preliminary 2011exploration budget of approximately $40 – $45 million. The exploration program and budget is subject to final review and board approval. A cash commission equal to 5.0% of the gross proceeds raised in the offering will be paid to the underwriters.
Click here to access the entire press release