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Mining finance groups invest in C$85m in Dalradian

By:  
Creamer Media Senior Deputy Editor Online
 
GOLD
TSX- and Aim-listed Dalradian Resources on Tuesday announced that it had raised C$84.75-million from two respected mining finance groups, which have signed up to participate in the advancement of the Curraghinalt gold project, in Northern Ireland. Orion Mine Finance II has agreed to make an investment of C$50-million and Osisko Gold Royalties an investment of CC$28.25-million into the company by way of a nonbrokered private placement. In addition, Osisko will exercise 6.25-million warrants at $1.04 each, bringing the total funding to C$84.75-million.
 
 
 
 
 

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