Junior gold explorer High River Gold Mines (TSE) has raised $12.1 million by selling 5 million special warrants.
Each special warrant is exchangeable for one share, or 1.1 share if a final receipt is not obtained by Dec. 8.
A portion of the proceeds will be used to develop the Snow Lake gold project in Manitoba (a joint venture with Toronto-listed TVX Gold) and explore the Taparko property in Burkina Faso, West Africa.
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