Kerr Mines Details Oversubscribed Non-Brokered Private Placement; Eased 6% Wednesday

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Kerr Mines Details Oversubscribed Non-Brokered Private Placement; Eased 6% Wednesday

posted on Nov 30, 2017 01:52PM

2017-11-30 10:54:01 AM ET (MT Newswires)

10:54 AM EST, 11/30/2017 (MT Newswires) -- Kerr Mines Inc. (KER.TO) reports that, further to its November 10, 2017 press release and based on initial subscription results, it intends to complete a non-brokered private placement with proceeds exceeding the original $5 million target due to high investor interest. Kerr said it intends to upsize the placement at $0.30 per share, but gave no further details. The Company will use the net proceeds to finance the exploration program at its flagship Copperstone Mine in Arizona.