El Salvador president proposes bill to overturn metals mining ban
In 2017, El Salvador became the first country in the world to ban forms of metals mining.
Extorre Gold Mines announced that it has entered into an agreement pursuant to which a syndicate of underwriters led by TD Securities Inc. (the “Underwriters”) has offered to purchase, on a bought deal private placement basis, 2,400,000 common shares (the “Shares”) of the Company at a price of $10.50 per Share (the “Issue Price”) for total gross proceeds of $25,200,000 (the “Offering”).
The net proceeds from the Offering will be used for exploration and development of the Company’s mineral projects in Argentina and for general working capital purposes.
Read the full news release here. Image of Cerro Moro is from Extorre Gold Mines.
