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Viscount Mining Corp

Viscount Mining set to raise around $1M in placing

The British Columbia-based company will issue over 5 million units at $0.20 each, to raise $1,002,500 gross

Canadian dollars
The company today announced a non-brokered private placement

Viscount Mining Corp (CVE:VML) (OTCMKTS:VLMGF) is set to bring in around $1 million gross via a non-brokered private placement.

The British Columbia-based company will issue over 5 million units at $0.20 each, to raise gross $1,002,500.

READ: Viscount Mining begins gold drilling in test at Cherry Creek project in Nevada​

Each unit consists of one company share and one share purchase warrant, which will entitle the holder to buy a further share for two years from the closing date at $0.35 per warrant share.

Three directors took part in the financing, the firm said in a statement.

"The net proceeds from the placement will be used to advance the company's projects in Nevada and Colorado and for general corporate and working capital."

Viscount is a project generator with a portfolio of silver and gold properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada.

Quick facts: Viscount Mining Corp

Price: $0.20

Market: TSX-V
Market Cap: $10.77 m
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