other material
confidence high
sentiment neutral
materiality 0.60
Coeur Mining raises ~$25M via flow-through shares for Silvertip exploration
Coeur Mining, Inc.
- 7,704,725 flow-through shares issued at a 27% premium for C$34M (~$25M) gross proceeds.
- Proceeds used exclusively for Canadian Exploration Expenditures at the Silvertip Property in BC/Yukon.
- Private placement to Canadian accredited investors; expected close on or about March 8, 2024.
- Shares unregistered under U.S. Securities Act, subject to 4-month hold, sold under Regulation S.
- Offering funds accelerated silver, lead, and zinc exploration program at Silvertip.