Leviathan to raise $10m for exploration
TSX-V-listed Leviathan Metals Corporation has entered into an agreement with Beacon Securities to act as sole agent in connection with a “best efforts” private placement of up to 15.6-million common shares in the company.
At a price of $0.64 apiece, Leviathan plans to raise aggregate gross proceeds of up to $10-million.
The proceeds will be used for drilling and other exploration activities in Botswana, Australia, and Bosnia and Herzegovina. The company’s flagship projects are the Central copper project, in Botswana, and the Foča silver, zinc and lead project, in Bosnia and Herzegovina.
The offering is expected to close on or about May 20.
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