PRECIOUS METALS

Pure Gold Madsen project financing on track

Financing the C$95 million initial capital for development of the Madsen gold project in Red Lake, Ontario, Canada, is on track to be completed this quarter following a successful equity raise, president and CEO Darin Labrenz has told Mining Journal.

 A scoop at Madsen in Canada's Red Lake district

A scoop at Madsen in Canada's Red Lake district

The company completed an expanded equity raise of $47.5 million earlier in July through a bought deal private placement and concurrent non-brokered private placement, which saw Eric Sprott become a 10%...

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