Resource Capital Funds invests $40 mln more in TMAC's Nunavut gold project
Canadian mineral exploration and development company TMAC Resources Inc has raised private placement funding of over $44.1 million. Of this total amount, $40 million was invested by U.S. private equity firm Resource Capital Funds. Net proceeds of the overall offering will be used by TMAC to finance the 2015 work program of its Hope Bay gold project, located in the Kitikmeot region of Nunavut. Resource Capital Funds, which has an office in Toronto, invested $65 million in the company in May 2014.
22 January 2015•8 mins read
