Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
HighGold Mining (TSXV: HIGH) announced Friday it has entered into an agreement with Sprott Capital Partners LP, under which a syndicate of underwriters led by Sprott will purchase, for their own account or arrange for substituted purchasers on a bought-deal private placement basis, C$9.3 million of securities of the company.
The financing comprises 1.28 million flow-through common shares at C$1.80 each (total C$2.3 million) and 5.6 million common shares at C$1.25 per share (total C7.0 million). Additionally, the underwriters will be granted an option to increase the size of financing by up to an additional 20% of the number of offered securities.
HighGold intends to use the net proceeds from the common share offering for ongoing exploration and development work on its properties.
The Vancouver-based gold miner is currently focused on the advanced-stage Johnson Tract polymetallic project located near tidewater in south-central Alaska, as well as the Munro-Croesus, Golden Mile and Golden Perimeter projects in Ontario.
