Northern Vertex closes first tranche of $20 mln Greenstone funding
Canadian mining company Northern Vertex Mining Corp (TSX-V: NEE) has closed the initial tranche of a US$20 million private placement deal with Greenstone Resources, a U.K. metals and mining private equity firm. With the US$10.8 million first close, Greenstone holds 19.9 percent of issued and outstanding shares. Additionally, Senior Partner Michael Haworth will join the board. Vancouver-based Northern Vertex said a second tranche is scheduled to close following a shareholders meeting in July. It plans to use the proceeds to continue development and construction of its flagship Moss Mine gold-silver project in Arizona and for other priorities.
9 June 2017•6 mins read
