Update on March 18, 2014:
Duluth Metals Limited, a Canada-based company engaged in the acquisition, exploration and development of copper, nickel and platinum group metals (PGM) properties, has completed the first tranche of private placement of an aggregate of 10,052,669 common shares at a price of CAD0.65 ($0.58) per share for aggregate gross proceeds of approximately CAD6.5 million ($5.86 million).
Update on March 13, 2014:
Duluth Metals has priced its private placement of 13,263,125 common shares at a price of CAD0.65 ($0.58) per share for total gross proceeds of CAD8.6 million ($7.73 million).
The transaction is expected to close on or about March 18, 2014.
Announcement (March 10, 2014):
Duluth Metals has announced a private placement of common shares to raise gross proceeds of approximately CAD10 million ($9.02 million).
Barclays PLC is acting as placement agent to Duluth.