Sabina Gold & Silver Corp. announced that it expects to receive CAD 4.129398 million in funding from Zhaojin International Mining Co., Ltd.
Sabina Gold & Silver Corp. (TSX:SBB) announced that it has entered into an agreement for a private placement of 2,117,640 common shares at a price of CAD 1.95 per common share for gross proceeds of approximately CAD 4,129,398 on March 16, 2021. The transaction will include participation from returning investor, Zhaojin International Mining Co., Ltd. to maintain 9.9% stake in the company. The transaction is expected to close on or about March 22, 2021.