AuMEGA Metals secures C$16.3m private placement, boosting exploration funds and B2Gold's stake to 9.9%.
AuMEGA Metals has secured C$16.3 million in a private placement, driven by strong interest from institutional and existing investors, including B2Gold Corp. The financing is divided into two tranches; the first has been approved, while the second awaits shareholder consent. Funds will support exploration in Newfoundland and Labrador and enhance working capital. B2Gold's stake has increased to 9.9%. Closing for the first tranche is set for October 31, 2021.
October 22, 2024
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