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flag Carcetti Capital raised $542M to acquire Ontario’s Hemlo Gold Mine from Barrick, pending closing by April 2026.

flag Carcetti Capital Corp. completed a private placement raising about $542 million to finance its acquisition of the Hemlo Gold Mine in Ontario from Barrick Mining. flag The funds, from 378 million subscription receipts at C$2.00 each, are held in escrow and will convert to shares upon closing the deal, which includes $875 million in cash and 34.6 million shares, plus up to $165 million in contingent payments based on gold prices. flag The company also reactivated to the main board of the TSX Venture Exchange as a Tier 1 mining issuer. flag The transaction remains subject to a six-month deadline, with funds returned if not completed.

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