Vancouver — Southwestern Resources (SWG-T) has closed a bought deal financing worth $40.8 million through a syndicate of underwriters led by Raymond James and including Octagon Capital, Haywood Securities and National Bank Financial.
The underwriters purchased 1.15 million common shares from Southwestern at $35.50 per common share.
“This financing has strengthened Southwestern’s working capital position and will allow the company to continue to aggressively explore the Boka gold, Liam gold-silver and the Antay porphyry copper projects," commented John Paterson, President of Southwestern.
The company has a number of joint ventures including the Liam gold-silver project in Peru with Newmont Mining (NEM-T) and the Boka Gold project in China with Team 209.
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