Gold mining company McEwen Mining has announced a strategic financing to continue its exploration programme at its properties in the Timmins region of Ontario.
The financing consists of a $9.9-million bought deal private placement offering of six-million flow-through common shares priced at $1.65 apiece, or C$2.18 a share.
The price represents a premium of 21% over the closing price of McEwen common shares on the TSX on Monday.