Viceroy completes share issue

An issue of 700,000 common shares was recently completed by Viceroy Resources (TSE) at $4.75 per share. Net proceeds from the issue were $3.025 million.

Viceroy has received no appeals against the record of decision issued by the United States Bureau of Land Management which gave the go- ahead for the company’s Castle Mountain heap leach gold project in California.

The 30-day appeal period is now over and the company can move ahead with construction.

The company expects to obtain full project financing of US$50 million early in the new year and begin construction shortly thereafter.

The mine is expected to be completed by the end of 1991.


Print


 

Republish this article

Be the first to comment on "Viceroy completes share issue"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close