St Andrew Goldfields (SAS-T) has completed a private share offering to raise gross proceeds of $5 million.
The deal, which was arranged by St. James Securities, comprised 500,000 flow-through shares and 2 million warrants. Each warrant entitles the holder to purchase an additional share at $2.
The company will use the proceeds to continue exploring the Stock, Taylor and Hislop gold mine sites near Timmins, Ont., as well as other gold properties in the vicinity.
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