Toronto-based Pentland Firth Ventures (PF-T) has raised $1.6 million by issuing 1.5 million flow-through shares to Kinross Gold (K-T).
The shares, which are subject to a 1-year holding period, boost Kinross’s interest in the company to 46.3%.
Pentland will use the proceeds to continue exploring several of its gold properties in the Timmins (north) and Atikokan (northwestern) areas of Ontario.
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