Kinross Gold to Invest in Wyoming-Focused Gold Explorer
Last month, Relevant Gold had completed a private placement, by which it sold approximately 5.78 million units at C$0.25 per unit for a total of C$1.44 million.
SEATTLE (Scrap Monster): Kinross Gold has made an investment in Relevant Gold- a Wyoming-focused gold explorer. The company purchased 5.1 million shares of Relevant Gold at a price of C$0.30 per share, for a total of C$1.53 million.
The shares acquired by Kinross account for 9.9% of Relevant Gold’s total equity capital. Furthermore, Kinross will have the right to purchase up to 19.9% of the equity capital, as per agreement. The transaction came with warrants to buy 50% of the common shares at C$0.35 per share.
Last month, Relevant Gold had completed a private placement, by which it sold approximately 5.78 million units at C$0.25 per unit for a total of C$1.44 million. The proceeds from both placements will be utilized to boost the company’s exploration of mineral properties, located in west-central Wyoming, which comprises of its flagship Golden Buffalo project.
Rob Bergmann, CEO, Relevant Gold, in a news release, said that the company is thrilled to welcome Kinross as a major shareholder and strategic partner. The strategic investment by Kinross demonstrates the company’s confidence in its exemplary exploration and execution capabilities.
- New Law Prohibits Illinois Hotels From Providing Plastic Toiletry Bottles
- Pacific Steel & Recycling Launches 'Cans for Canines' Campaign
- Columbus, OH Opens New Bulk Trash Collection Center to Divert Large Items from Landfill
- October 3, 2024: Scrap Gold Prices Down, Platinum and Silver Jumped Higher on the Index
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.38 | $US/Lb |
#1 Copper Bare Bright | 4.39 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.80 | $US/Lb |
6061 Extrusions | 0.70 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 360.00 | $US/MT |
#1 Busheling | 380.00 | $US/MT |
Electronics Scrap |