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Senator Minerals ups per-share price in C$5M financing

Senator Minerals Inc. on Oct. 3 issued the revised terms of its previously announced C$5 million financing, now comprising fewer shares offered at a higher price due to strong market interest.

The company is now offering 2,631,579 common shares at C$1.90 per share, compared to the previous 3,125,000 common shares at C$1.60 each.

Senator Minerals plans to use the proceeds to fund its ongoing exploration program, including the proposed winter 2017/2018 work at the Patterson Northeast and Carter Lake uranium projects in Saskatchewan, for possible strategic property acquisitions and general working capital.