High River Gold reports $57 Million Financing
High River Gold Mines Ltd.(TSX:HRG) reported today that the Toronto Stock Exchange has granted notice and conditionally approved the listing of up to 150,000,000 common shares of the Company. This is in connection with a proposed private placement to Polenica Investments Limited, an affiliate of Troika Dialog Group.
The press release is quoted as saying:
High River is unhedged gold company with interests in producing mines and advanced exploration projects in Russia and Burkina Faso. Two producing mines, Zun-Holba and Irokinda, are situated in the Lake Baikal region of Russia. Two new open pit gold mines, Berezitovy in Russia and Taparko-Bouroum in Burkina Faso, are also in production. Finally, High River has two advanced exploration projects with NI 43-101 compliant resource estimates, the Bissa gold project in Burkina Faso and 50% interest in the Prognoz silver project in Russia.
Click here to access the entire press release
Click here to access High River Gold’s Corporate Site
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Tue, Oct 27, 2009
Post by Melissa Pistilli, Gold Senior Reporter