Home > Boards > Canadian > Mining/Resources > Kerr Mines Inc. (KERMF)

"... Gold rally hits new level as safe

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goldenpolarbear   Wednesday, 08/05/20 12:27:46 PM
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"... Gold rally hits new level as safe havens are sought
Fears that the COVID-19 pandemic could lead to currencies collapsing amid economic turmoil and rising inflation, is pushing the price of gold to fresh all-time highs...."
https://www.dw.com/en/gold-rally-hits-new-level-as-safe-havens-are-sought/av-54444359
"...The Offering was conducted through a syndicate of underwriters led by PI Financial Corp. and Canaccord Genuity Corp. and included BMO Capital Markets Inc., Cormark Securities Inc., Haywood Securities Inc. and National Bank Financial Inc. (collectively, the "Underwriters").

https://www.newswire.ca/news-releases/filo-mining-announces-closing-of-c-41-7-million-financing-865476096.html


Kerr Mines is NOW trading at .18 cents per share Canadian so ... Haywood Securities probably wished they had ....?

"...

Kerr Mines (KER) has revealed an increase in its bought deal offering with Haywood Securities to an aggregate of C$5 million

Under the terms of the financing, Haywood Securities has agreed to purchase a total of 35.7 million units at a price of 14 cents each

Each unit will be comprised of one common share and half of one common share purchase warrant

The proceeds raised under the offering will be used to fund drilling and engineering activities at the company's Copperstone gold project

Kerr Mines (KER) is currently down 3.03 per cent and is trading at $0.16 per share ..."
https://themarketherald.ca/kerr-mines-tsxker-increases-bought-deal-offering-to-5m-2020-07-14/

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