Rights offering for Great Lakes

In order to raise money for its copper project in Michigan, Great Lakes Minerals (TSE) is offering shareholders one right for every share held as of Nov. 19.

With five rights and 50 cents, shareholders will be entitled to one share of the company. The rights will be posted for trading on The Toronto Stock Exchange.

Proceeds of $535,000 will be used to finance advance royalty payments from Great Lakes’ copper property on Michigan’s Keeweenaw Peninsula, and for general operating and corporate purposes.


Print


 

Republish this article

Be the first to comment on "Rights offering for Great Lakes"

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Your email address will not be published.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