IKN

Every why hath a wherefore

The last time Bear Creek Mining (BCM.v) traded at $2.10

See it here. A brief patch in October:

This is a brutal bought deal price.

VANCOUVER,
British Columbia, Feb. 06, 2020 (GLOBE NEWSWIRE) — Bear Creek Mining
Corporation (“Bear Creek” or the “Company”) (TSXV:BCM) (BVL:BCM)
(OTCQX:BCEKF) announces that it has entered into an agreement with BMO
Capital Markets (“BMO”) as sole underwriter, under which BMO has agreed
to buy on a bought deal basis 7,145,000 common shares (the “Common
Shares”) of the Company, at a price of C$2.10 per Common Share for gross
proceeds of approximately C$15 million (the “Offering”). The Company
has granted BMO an option, exercisable at the offering price for a
period of 30 days following the closing of the Offering, to purchase up
to an additional 15% of the Offering to cover over-allotments, if any.
The offering is expected to close on or about February 18, 2020 and is
subject to Bear Creek receiving all necessary regulatory approvals.
The
net proceeds of the offering will be used to carry out early
development works for the Company’s wholly owned Corani silver-lead-zinc
deposit located in the department of Puno, Peru.
The
Common Shares will be offered pursuant to the Company’s base shelf
prospectus dated September 12, 2018. The terms of the Offering will be
described in a prospectus supplement to be filed with securities
regulators in each of the provinces and territories of Canada, other
than Quebec, and may also be offered by way of private placement in the
United States.
The securities offered have
not been registered under the U.S. Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements. This
press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
On behalf of the Board of Directors,
Anthony Hawkshaw
President and CEO

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.