Sabina Gold & Silver Corp. (TSX: SBB) has completed its private placement of 5,750,00 flow through common shares at $1.27 per share. The private placement resulted in gross proceeds of approximately $7.3 million. The group of underwriters was led by Dundee Securities Corporation. The underwriters had received a cash commission of 6.0% on the gross proceeds of the transaction.
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Sabina Gold & Silver is a Canadian public mineral exploration and development company. Key assets include the Hackett River silver project, the Back River gold project and the Wishbone grassroots exploration project all in Nunavut. Additionally, the Company has several projects in the Red Lake gold camp.
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