Bear Creek Mining Secures C$14.5 Million Through Private Placement

Bear Creek Mining ( (TSE:BCM) ) has shared an announcement.

Bear Creek Mining Corporation has successfully closed a brokered private placement, raising C$14.5 million through the issuance of 64,445,000 common shares. The proceeds will be used for exploration and resource drilling at the Mercedes mine in Mexico, as well as for general working capital purposes. The transaction involved significant participation from related parties Sandstorm Gold Ltd. and Equinox Gold Corp., and included a concurrent sale to an arm’s length third-party. The deal is part of a broader financial strategy that includes debt amendments and additional credit extensions, pending regulatory approval.

More about Bear Creek Mining

Bear Creek Mining Corporation operates in the mining industry, focusing on exploration and development of mineral properties. The company is primarily involved in the production and exploration of gold and other precious metals, with a significant market focus on its Mercedes mine in Mexico.

YTD Price Performance: -48.15%

Average Trading Volume: 158,915

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $33.15M

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