FINWIRES · TerminalLIVE
FINWIRES

EraNova Metals Raises $0.63 Million in a Non-Brokered Private Placement of Shares

By

EraNova Metals (NOVA.V) on Monday said a closed non-brokered private placement of shares that raised $0.63 million.

The com placed 4.18-million shares priced at $0.15 apiece in the financing.

Proceeds will be used to support ongoing technical work and completion of the NI 43-101 compliant Preliminary Economic Assessment (PEA) on the Adanac Molybdenum project, alongside marketing and investor awareness initiatives, and for general working capital needs.

Shares of the company were last seen down $0.01 to $0.165 on the TSX Venture Exchange.

Price: $0.17, Change: $-0.01, Percent Change: -5.71%

Related Articles

Mining & Metals

Boralex Secures Final Court Approval for $9-Billion Sale to Brookfield and CDPQ

Boralex (BLX.TO) after trade Friday said it has received final approval from the Superior Court of Quebec for its $9.0-billion sale BIF Thunder Holdings, a joint venture between Brookfield Infrastructure Fund V and/or its affiliates (collectively, "Brookfield") and Caisse de depot et placement du Quebec (CDPQ)The court approval follows shareholder approval received at the company's Thursday meeting. The transaction remains subject to customary closing conditions, including key regulatory approvals, and is expected to close in the fourth quarter, the company said.The two partners in March agreed to acquire the renewable power producer for a price of $37.25 per share.Boralex shares closed down $0.01 to $36.84 on the Toronto Stock Exchange.

$BLX.TO
Mining & Metals

Primary Hydrogen Shares Rise 33% as It Seeks $2.4 Million From a Private Placement of Share Units

Primary Hydrogen (HDRO.V) shares were last seen up by a third after it said late Thursday it is raising up to $2.4 million from a non-brokered private placement of share units.The company is placing up to 4-million units, priced of $0.60 each and made up of a share and a two-year warrant to buy a share for $0.80..The company plans to use the proceeds for general working capital and general administrative purposes. It may also use a portion of the net proceeds to acquire additional exploration properties if suitable opportunities arise, the company added.The company's shares were last seen up $0.25 to $1.00 on the TSX Venture Exchange.Price: $1.00, Change: $+0.25, Percent Change: +33.33%

$HDRO.V
Mining & Metals

Update: Gold Falls as the Dollar and Yields Rise After an Unexpected Surge in May U.S. Employment

(Updates prices.)Gold traded sharply lower midafternoon Friday, falling to the lowest this year as the dollar and yields climbed as the United States reported an unexpected jump in May employment.Gold for July delivery was last seen down US$137.20 to US$4.367.80 per ounce, the lowest since Jan.2.The U.S. Bureau of Labor Statistics reported the country added 172,000 jobs in May, up from 115,000 a month earlier and well ahead of expectations for a rise of 80,000 new positions according to Marketwatch. The unemployment rate held steady at 4.3%.Gold has been pressured by the rising oil prices that have followed the U.S. war on Iran, with buyers concerned central banks will need to raise interest rates to combat rising energy inflation. Traders have turned away from gold as a store of value amid the inflation worries, preferring the dollar as a hedge against a rise in rates.The dollar rose off overnight lows following the data, with the ICE dollar index last seen up 0.63 points to 100.04 after earlier touching 99.16. Treasury yields were sharply higher, with the yield on the U.S. two-year note last seen up 12.7 basis points to 4.176%, while the 10-year note was paying 4.546%, up 6.5 points.

$GCN6$GLD