Wellgreen Platinum to raise $9.5 mln in funding for Yukon project
Canadian mining company Wellgreen Platinum Ltd (TSX: WG) has agreed to raise more than $9.5 million in a private placement offering of common shares and warrants. The backers will include new investor Tocqueville Gold Fund and existing U.S. private equity investors Drake Private Investments, Electrum Group and Resource Capital Funds. The deal's proceeds will be used for the continuing development of the company's 100 percent-owned Wellgreen platinum group metal and nickel project, located in the Yukon Territory. Based in Vancouver, Wellgreen is led by President and CEO Diane Garrett.
2 August 2017•3 mins read
