The share price of TSX-V-listed KORE Mining rose 18% after the company on Friday announced a follow-on strategic investment from its two major shareholders.
Investor Eric Sprott, through 2176423 Ontario, and Macquarie Bank are subscribing for a private placement of C$3-million, consisting of 6 666 666 shares at C$0.45 a share.
KORE’s shares traded at $0.59 a share on Friday.