Barrick Mining Agrees To Subscribe For 15,470,934 Units Of Kingfisher Metals In Private Placement At C$1.35 Per Unit, For Total Consideration Of ~C$20,885,761
Barrick Mining Corporation (NYSE:B)(TSX:ABX) announced today that it has agreed to subscribe for 15,470,934 units ("Units") of Kingfisher Metals Corp. ("Kingfisher") in a non-brokered private placement
A big mining company called Barrick is investing about $21 million to own a piece of a smaller mining company called Kingfisher. When a successful company buys into a smaller one, it might mean they think that smaller company could find valuable minerals or grow bigger.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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