Underwriters Sprott Securities and Levesque Beaubien Geoffrion will issue two million special warrants of Richmont Mines (TSE) to Canadian investors in December.
Each warrant, priced at $4, will entitle the holder to buy one common share until June 16, 1994, without additional consideration. Richmont will add the proceeds of $8 million to its working capital.
The placement has yet to be approved by regulators.
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