District Metals (DMX.V) has announced a LIFE financing, raising C$10M by issuing approximately 14.7M common shares at C$0.68 per share. There will be no warrants issued as part of this financing. The day after announcing the financing, District Metals announced the books have closed, so we should see a swift closing. It’s our understanding District Metals anticipates raising C$10M and won’t upsize the offering.
Disclosure: The author has a small long position in District Metals. District is a sponsor of the website. 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.
