Gold developer Continental Gold’s stock on the Toronto exchange received a boost on Monday, after the company announced its latest assay results for four diamond drill holes at the Buritica project, in Colombia, and said that Eric Sprott had invested $25-million in the company.
Sprott agreed to buy 10 645 200 shares of the company at C$3.10 a share, representing a 2.9% discount to the five-day volume-weighted average share price ended June 21.