Peterson McVicar Acts for Red Cloud in Blackrock Gold upsizes “bought deal” placement to raise gross proceeds of up to C$9,000,000, from C$7,020,000
On January 29, 2021 Blackrock Gold Corp. (“Blackrock” or the “Company”) announced that it had upsized its agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner, for a “bought deal” placement to raise gross proceeds of to C$9,000,000, an increase from an initial C$7,020,000 due to significant demand.
The net proceeds raised from the offering will be used to fund the exploration of the company’s Tonopah West and Silver Cloud properties in Nevada and for working capital and general corporate purposes.
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