TSX-V-listed Caldas Gold is looking to raise up to $90-million to fund the expansion of its mining operations in the Marmato Deeps Zone (MDZ) in Colombia.
The company on Monday announced a proposed issuance and sale of up to 90 000 subscription receipts at $1 000 each, on a fully-marketed private placement.
The terms of the offering were negotiated with Scotiabank and Canaccord Genuity, as co-lead agents on behalf of a syndicate of agents including Stifel Nicolaus Canada and Red Cloud Securities.