Toronto-listed High River Gold Mines is selling 4.2 million special warrants at $2.40 each to raise $10 million.
The underwriters have an option to acquire another 840,000 special warrants at the same price.
Each special warrant is exchangeable into one common share at no extra cost to the buyer.
High River plans to spend the money on its half interest in the Snow Lake property in Manitoba. As well, some funds are earmarked for its property in Burkina Faso, West Africa.
The transaction is subject to regulatory and board approval.
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