A final prospectus has been filed by Golden Knight Resources which outlines details of a $30- million-unit offering. The offering is being made to finance the company’s share of mine development costs in Casa Berardi Twp., Que. With Inco Ltd., the two partners plan to pour their first gold by August, 1988. Initial production will be at a rate of 60,000 oz per year increasing to 85,000 oz by 1991. Each unit is being sold for $12. Units consist of one common share and one-half a warrant to purchase common shares at a price of $14.25 per share unitl July 17, 1989.
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