Excelsior Mining completes first tranche of $10 mln funding deal
Excelsior Mining Corp (TSXV: MIN) announced the completion of the first tranche of a US$10 equity financing provided by British private equity firm Greenstone Resources. The second tranche is scheduled to close later in October, with the result that Greenstone will hold approximately 28.2 percent of the company's issued and outstanding common shares. Headquartered in Vancouver, Excelsior is a mineral exploration company focused on its Gunnison Copper project in Arizona. Proceeds of the partnership with Greenstone will be used to further develop that project.
10 October 2014•5 mins read
