{"id":1157366,"date":"2019-12-27T12:53:19","date_gmt":"2019-12-27T18:53:19","guid":{"rendered":"https:\/\/www.mining.com\/?p=1010115"},"modified":"2019-12-27T12:53:19","modified_gmt":"2019-12-27T18:53:19","slug":"regulus-secures-c11-5m-financing-shares-up-5","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1157366","title":{"rendered":"Regulus secures C$11.5m financing, shares up 5%"},"content":{"rendered":"<p>Regulus Resources (TSXV: REG) has closed its previously announced <a aria-label=\"bought deal financing (opens in a new tab)\" href=\"https:\/\/www.regulusresources.com\/news\/2019\/regulus-resources-inc-announces-closing-of-c-11.5-million-financing\/\"  rel=\"noreferrer noopener\">bought deal financing<\/a>, including the exercise in full of the underwriter\u2019s option. <\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Under the public offering, the company issued 7.78 million units at C$1.06 per unit, with each comprising one common share and one half of one common share purchase warrant, for aggregate gross proceeds of approximately C$8.25 million.<\/p>\n<p>An additional 3.07 million units were sold to certain funds managed by Route One Investment Co. LP, the company\u2019s largest shareholder, for gross proceeds of C$3.25 million. Together with the public offering, the company raised total gross proceeds of C$11.5 million.<\/p>\n<p>Net proceeds of the financing will be used to fund exploration and development activities at the company&#8217;s flagship AntaKori copper-gold-silver project in Peru. <\/p>\n<p>Located nearly 4,000 metres above sea level in the Yanacocha-Hualgayoc mining district, the AntaKori property comprises a 212-hectare concession, with an additional 49 hectares pending to be added to the project portfolio.<\/p>\n<p>Shares of Regulus Resources were up over 5% during Friday&#8217;s session. The Vancouver-based miner has a market capitalization of C$108.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net proceeds will be used to fund exploration and development activities at the company&#8217;s flagship AntaKori project.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1157366"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1157366"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1157366\/revisions"}],"predecessor-version":[{"id":1157367,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1157366\/revisions\/1157367"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1157366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1157366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1157366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}