LATIN AMERICA — Greenstone arranges financing

Toronto-based Greenstone Resources (TSE) has made arrangements with Middlefield International of London, England, for a $4-million offering to finance developments at its Latin American gold projects.

The offering consists of units comprised of one common share of Greenstone and one-half of a share purchase warrant priced at US$1.35 per unit. European institutions that are expected to participate in the offering can exchange the warrants for one Greenstone common share at US$1.55 in the two years after closing.

Proceeds will go toward a feasibility study at the Libertad gold project in Nicaragua and to fund development costs at the Recio project in Costa Rica and Santa Rosa property in Panama, said Chairman Jim Anthony. Anthony said he expects the company’s Oronorte mine in Columbia to produce about 15,000 oz. of the yellow metal this year.

Print


 

Republish this article

Be the first to comment on "LATIN AMERICA — Greenstone arranges financing"

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Your email address will not be published.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