A syndicate led by First Marathon Securities and Canaccord Capital has agreed to raise just over $32.5 million for Aber Resources (ABZ-T) through a private placement.
The financing will include 1 million flow-through shares at a price of $22 per share and 500,000 units at $21.10 per unit. Each unit will consist of one common share and half a warrant. One full warrant will be exercisable at $23 per share for one year.
Aber will use the proceeds to help finance work on its 40%-owned Diavik diamond project in the Northwest Territories.
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