Mining & Metals
Lode Gold Resources to Raise C$7 Million in a Non-Brokered Private Placement
Lode Gold Resources (LOD.V) late on Monday said it launched a non-brokered private placement of share units to raise up to C$7 million.The company said it will place up to 25.9-million units priced at C$0.27 apiece and made up of a share and a three-year warrant to buy a share for C$0.45..Proceeds from the offering will be used to advance technical work at the Fremont Gold Mine in California, strengthen the balance sheet and provide general working capital needs.Shares of the company were last seen down C$0.01, or 3.1% to C$0.31 on the TSX Venture Exchange.Price: $0.31, Change: $-0.01, Percent Change: -3.13%
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