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Group Ten Metals announces warrant exercise, shares bounce | |
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2020-03-03 | |
发布年 | 2020 |
语种 | 英语 |
国家 | 国际 |
领域 | 地球科学 |
正文(英文) | ![]() Drilling in the Iron Mountain area of the Stillwater West project. Credit: Group Ten Metals
Vancouver-based platinum group elements miner Group Ten Metals (TSXV: PGE) announced on Tuesday that it has received total gross proceeds of C$2.38 million since the beginning of this year from the exercise of remaining warrants from a 2017 financing. Directors, management and employees of the company exercised all of their warrants, contributing C$1.1 million to the proceeds, resulting in a more than 24% ownership on a current issued and outstanding share basis. Proceeds from the warrant exercise will be used for Group Ten’s exploration programs and general corporate purposes. “The company is now well-positioned for growth with a healthy balance sheet and 100% interest in a portfolio of high-potential, district-scale exploration properties in proven mining districts which were acquired strategically through the low part of the metal price cycle,” President and CEO Michael Rowley said in a press release. Group Ten’s flagship asset is the Stillwater West PGE-nickel-copper project in Montana. The property is located next to Sibanye’s major PGE mines in the Stillwater Complex — one of the top regions in the world for PGE mineralization alongside the Bushveld Complex and Great Dyke in southern Africa. Shares of Group Ten Metals were up nearly 5% at Tuesday’s market open. The company has a market capitalization of approximately C$21.9 million. |
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来源平台 | Minging.com |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/228695 |
专题 | 地球科学 |
推荐引用方式 GB/T 7714 | admin. Group Ten Metals announces warrant exercise, shares bounce. 2020. |
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