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


First Vanadium Drilling Identifies Gold System Stretching 1.4km at Its Gold Target on the Carlin Gold Trend, Nevada; Drilling Ongoing

First Vanadium Corp. (TSX-V: FVAN) (OTCQX: FVANF) (FSE: 1PY) is p... READ MORE

November 30, 2020

Pasinex Announces Third Quarter 2020 Financial Results

Pasinex Resources Limited (CSE: PSE) (FSE: PNX) reports th... READ MORE

November 30, 2020

K2 Drills 86.9 m of 4.0 g/t Gold from Surface at Mojave

K2 Gold Corporation (TSX-V: KTO) (OTCQB: KTGDF) (FRANKFURT: 23K) ... READ MORE

November 30, 2020

Clarity Gold to Acquire the Destiny Project Located in the Abitibi Region

Clarity Gold Corp. (CSE: CLAR) (OTC: CLGCF) (FSE: 27G) is pleased... READ MORE

November 30, 2020

Evergold Announces Multiple Broad Gold-Silver Intercepts Near Surface at GL1 Main in Northern B.C.; Geophysics Clearly Suggests Best of Large Target Lies Just Below Current Evergold and Historical Newmont Drilling

EvergoldCorp. (TSX-V: EVER) (OTC: EVGUF) (FRA: 5EG) i... READ MORE

November 30, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions