Excelsior Mining Corp. (TSX: MIN; FSE: 3XS; OTCQX: EXMGF) has closed the second and final tranche of its non-brokered private placement, issuing 16,467,200 common shares at a price of C$1.00 per common share for gross proceeds of C$16,467,200 or approximately US $12.8 million.
The second tranche was subscribed for by an affiliate of Greenstone Resources L.P.
Excelsior Mining issued 38,635,200 common shares for aggregate gross proceeds of approximately US $30 million in two tranches.
Excelsior Mining is a mineral exploration and development company that is advancing the Gunnison Copper Project in Cochise County, Arizona.
- PSP Investments acquire minority stake in SitusAMC - April 2, 2020
- Damon Motorcycles secures $3M new funding - April 1, 2020
- PSP Investments and ATRF close $1B acquisition of AltaGas Canada - March 31, 2020