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Thursday, 9th December 2004 (3854 views)

Glencairn Gold has announced that it has closed some of its financing and sold it for gross proceeds of $10 million.<br/><br/>The firm plans to use net proceeds from this move to fund any expenditures left at its Bellavista Mine.<br/><br/>In addition, money will be used for gold and other precious metal exploration and general working capital.<br/><br/>A syndicate of underwriters, including Orion Securities, McFarlane Gordon, RBC Dominion Securities and Desjardins Securities purchased units from the firm.<br/><br/>The items being offered have not been registered in the US and are not allowed to be offered or sold there.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7276855"/>

 

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