Orion to invest $50 mln in gold miner Dalradian Resources
Toronto-based mining company Dalradian Resources Inc (TSX: DNA) has struck a private placement and warrant exercise agreement that will generate about $84.75 million in funding. Of the total amount, $50 million will be invested by Orion Mine Finance Group, a U.S. mining-focused private equity firm. With the transaction's completion, Orion will own about 9.75 percent of the company's issued and outstanding shares. Dalradian, which is focused on developing its Curraghinalt Gold Project in Northern Ireland, said it will use the proceeds for working capital purposes.
10 October 2017•4 mins read
