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Barkerville Gold to raise C$13.5M in bought-deal private placement

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Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

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Barkerville Gold to raise C$13.5M in bought-deal private placement

Barkerville GoldMines Ltd. said April 4 that it has entered an agreement with HaywoodSecurities Inc. on behalf of a syndicate of underwriters to raise approximatelyC$13.5 million in a bought-deal private placement, issuing 19,290,000 flow-throughshares for 70 cents apiece.

Proceeds will be put toward exploration expenses at Barkerville'sBritish Columbian properties.

The underwriters have been granted an overallotment option topurchase up to an additional 15% of flow-through shares issuable under the offering.

The offering is expected to close April 26.