GreenLight Metals (GRL.V), which focuses on copper and VMS exploration in Wisconsin, has completed its previously announced financing, raising a total of C$11.5M. The financing was priced at C$0.35 per share in this no-warrant financing, conducted by Stifel Canada and TD Securities. The net proceeds to the company are approximately C$11M after taking the finders fee into consideration.
The net proceeds of the offering will be used to further advance the Bend project in Wisconsin as well as the Penokean VMS belt.
Disclosure: The author has no position in Greenlight Metals. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
