trending Market Intelligence /marketintelligence/en/news-insights/trending/QCSL7jfhE5y2BkFMuUcXvw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Goldsource raising C$5M to advance recent Salbora discovery at Eagle Mountain

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020


Goldsource raising C$5M to advance recent Salbora discovery at Eagle Mountain

Goldsource Mines Inc. secured an agreement with PI Financial Corp. for a private placement to raise about C$5 million.

Closing is anticipated around April 10.

The offering will comprise 41,666,700 units at 12 Canadian cents apiece, with PI Financial heading up a syndicate of agents. Each unit will comprise one share and half of a warrant, exercisable at 20 cents per share for 24 months.

Goldsource said March 12 that the deal includes a 15% overallotment option exercisable up to two days prior to closing. In addition, Eric Sprott proposed to subscribe for 25 million units representing C$3 million.

The company will use the proceeds to advance the recent Salbora discovery at its Eagle Mountain gold project in Guyana and for general corporate purposes.

Planned work at Eagle Mountain includes additional drilling to expand Salbora mineralization as well as an updated resource estimate and ongoing pre-feasibility work to include the Salbora zone.