Toronto-based junior Great Lakes Minerals (TSE) recently raised $554,220 from a rights offering designed to finance royalty payments at its Keweenaw copper project in northern Michigan.
Great Lakes says the rights offering, which expired Dec. 10, was over-subscribed by about 30% and resulted in the issuance of over 1.1 million common shares. As a result of the offering, there are currently 6.6 million Great Lakes common shares issued and outstanding. They traded recently at 58 cents in a 52-week range of
20-65 cents.
Be the first to comment on "Great Lakes’ rights offering"