Sabre Gold Mines Corp (SGLDF)

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MORE FINANCING...for drilling...$$


Kerr Mines Announces $2.5 Million Private Placement





GlobeNewswire•November 9, 2018

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TORONTO, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) announces that it intends to complete a private placement offering of approximately 17,857,143 units of the Company at a price of $0.14 for gross proceeds of $2.5 million (the "Offering"). The Company will use the net proceeds from the Offering along with the funding from the financing facility provided by Sprott Resource Lending, see Press Release November 6, 2018, to fund the resource expansion, engineering and development at the Copperstone Mine.


“This financing, along with the funds provided by Sprott Resource Lending, allows us to continue the execution of our strategy of resource expansion and progressing the Copperstone Mine into production,” stated Claudio Ciavarella Kerr’s Chief Executive Officer. “As a show of confidence, the Board of Kerr Mines intends to participate in this financing.”