STLLR Gold (TSX:STLR:CA) has entered into an agreement with Paradigm Capital and SCP Resource Finance.
The underwriters have agreed to purchase 2.79M common shares at a price of C$1.792 per premium FT share for gross proceeds of C$5M and 3.24M common shares at a price of C$1.54 per FT share for gross proceeds of C$5M.
The company has also entered into an agreement with Paradigm pursuant to which it intends to complete a brokered private placement of up to 11.71M common shares at a price of C$1.28 per share for gross proceeds of up to C$15M.
In addition, Agnico Eagle Mines (NYSE:AEM) intends to participate in a non-brokered private placement of 3.9M common shares for aggregate gross proceeds of C$5M.
