Sign up USA
Proactive Investors - Run By Investors For Investors

Balmoral Resources brings in C$2mln from Quebec-based institutional investors

The company issued over 3.44mln shares at 58 cents each, it said
Balmoral Resources brings in C$2mln from Quebec-based institutional investors
Pictured - Canadian dollars

Balmoral Resources Ltd (TSE:BAR, OTCQX:BALMF) has closed its previously announced private placing, raising C$2mln.

The placing was with four institutional investors.

They are the Caisse de depot et placement du Quebec/Sodemex, Fonds regionaux de solidarite FTQ, Sidex Limited Partnership and the Societe de development de la Baie-James, all based in the Province of Quebec.

The company issued over 3.44mln shares at 58 cents each and proceeds will go towards exploration of its Detour Gold Trend project in Quebec and for general working capital.

Balmoral shares stand today in Toronto at 55 cents.

View full BAR profile View Profile

Balmoral Resources Timeline

Related Articles

picture of handshake
May 18 2017
Crusader has two advanced gold projects in Brazil, Borborema and Juruena
Lithium-battery.jpg
January 23 2017
Barisan Gold is well into the process of transforming itself into a lithium company
1505138554_Eastmain1.png
September 11 2017
Eau Claire lies within the group's 100% owned Clearwater property in James Bay.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use