trending Market Intelligence /marketintelligence/en/news-insights/trending/mfQ3jtr-2VVehSSdl-B7Ag2 content esgSubNav
In This List

Kerr Mines raises C$6.1M in oversubscribed private placement

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Kerr Mines raises C$6.1M in oversubscribed private placement

Kerr Mines Inc. completed an oversubscribed non-brokered private placement, raising C$6.1 million, it said Dec. 14.

The proceeds exceeded the originally announced target of C$5 million due to high investor interest.

The company will issue 20,371,869 shares at 30 cents apiece under the placement.

Kerr intends to use the funds to advance its flagship Copperstone gold-copper mine in Arizona to a production restart decision. The company is targeting to complete an updated resource and pre-feasibility study in the first quarter of 2018, which will be followed by a production decision.