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Transatlantic Mining completes private placement

Friday, October 14, 2016 6:02
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(Before It's News)

Transatlantic Mining Corp (CVE:TOC) has closed its previously announced private placement, raising C$3,97mln.

The significant cash injection is expected to finance the company through positive operating cash flow later this year, as it makes the transition from explorer/developer to gold & silver producer at the US Grant mine and mill complex in Montana, in the USA.

While the official closing of the capital raise was a priority, the company is now focused on ramping up production at US Grant, it told investors.

Story by ProactiveInvestors

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