The Prospector News

Abitibi Royalties Closes $2.0MM Private Placement Financing

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Abitibi Royalties Closes $2.0MM Private Placement Financing






Abitibi Royalties Inc. (TSX-V:RZZ) announces that it has closed a non-brokered private placement offering pursuant to which it has issued 800,000 shares at a per share price of $2.50 for gross proceeds of $2,000,000.

Rob McEwen, the sole subscriber under the offering, now holds 951,515 common shares of Abitibi or approximately 9.28% of the Company’s issued and outstanding common shares. The common shares issued under this offering are subject to a hold period until November 18, 2014.

The proceeds raised from this offering will be used by Abitibi for general corporate purposes.

About Abitibi Royalties Inc.


Abitibi Royalties holds 100% title to the Luc Bourdon and Bourdon West Prospects in Ontario and a 30% free-carried interest as well as other rights on the Malartic CHL Property near Val-d’Or, Quebec. In addition, the Company holds a 2% net smelter royalty interest in one additional claim held by Canadian Malartic GP, and may acquire and generate other property and royalty interests

Posted July 18, 2014

Share this news article


Summa Silver Corp. Closes Oversubscribed $5 Million Financing and Welcomes Eric Sprott as Investor

Summa Silver Corp. (CSE:SSVR) (Frankfurt:48X) is pleased to annou... READ MORE

May 28, 2020

Kintavar options Anik Gold property to IAMGOLD; up to $6.5M work commitment and potential to receive up to $3M payment

Kintavar Exploration Inc. (TSX-V: KTR) (FRANKFURT: 58V), is very ... READ MORE

May 28, 2020

Osino Resources Drills Additional Wide Gold Intercepts and Further Increases Strike of Mineralization at Twin Hills Central Discovery, Namibia

Osino Resources Corp. (TSX-V: OSI) (FSE: RSR1) is pleased to anno... READ MORE

May 28, 2020

Cartier Cuts 16.5 g/t Au over 4.5 m at Chimo Mine 500 m below the New Zones 5B4-5M4-5NE

Cartier Resources Inc. (TSX-V: ECR) announces values of 32.0 g/t ... READ MORE

May 28, 2020

Endeavour Silver Restarts Mining Operations in Mexico

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces that it h... READ MORE

May 28, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions