Greenstone to lead $30 mln financing of Rockcliff Metals
Toronto-based mining company Rockcliff Metals Corp (TSX-V: RCLF) has launched a financing of up to $30 million led by U.K. metals and mining private equity firm Greenstone Resources. Rockcliff also agreed to acquire assets from Canadian resource merchant bank Norvista Capital Corp and an affiliate for $13.3 million in stock. The acquisition, expected to close in April, will enable Rockcliff's reorganization and undertaking of an exploration and development program in the Flin Flon-Snow Lake metals mining camp in Manitoba. The proceeds of the financing will support the program and provide working capital. Greenstone Senior Partner Mark Sawyer will join the board.
22 February 2019•10 mins read
