https://newsletter.mw.creamermedia.com
Aggregate|Copper|Exploration|Gold|PROJECT|Projects
Aggregate|Copper|Exploration|Gold|PROJECT|Projects
aggregate|copper|exploration|gold|project|projects

NGEx upsizes placement to raise C$30m

7th October 2022

By: Creamer Media Reporter

     

Font size: - +

Canada-based copper and gold exploration company NGEx has elected to increase its previously announced nonbrokered private placement to an aggregate of up to 15-million shares at C$2 each for gross proceeds of up to C$30-million.

The Lundin Group company initially planned to raise C$20-million by selling 10-million shares.

Net proceeds of the private placement will be used towards furthering exploration programmes in Chile and Argentina, the repayment of amounts drawn against a $3-million credit facility that matures in September 2023, if any, as well as for general corporate and working capital purposes.

NGEx currently has a controlling interest in the large-scale Los Helados copper/gold deposit, located in Chile's Region III, as well as a portfolio of exploration projects in Argentina, including the Valle Ancho project in Catamarca province, and the Potro Cliffs, located in San Juan province about 5 km north of, and on the same major northeast-trending structure as, Filo del Sol.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (14/03/2025)
14th March 2025 By: Martin Creamer
Magazine round up | 14 March 2025
Magazine round up | 14 March 2025
14th March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.136 2.855s - 143pq - 2rq
Subscribe Now