Seafield Resources (SFF, TSX-V) has quickly closed a $15 million financing (30 million units at 50 cents per unit with a full warrant at 75 cents) which we believe is a very bullish sign for this company which reported outstanding initial drill results from its Quinchia Gold Project December 3. On December 9, Seafield announced a proposed $8 million financing. A day later the financing was nearly doubled and less than two weeks later the $15 million private placement has closed (subject to Venture Exchange approval).
Today’s news release from Seafield indicates some major players stepped up to the plate for this financing.
“Peninsula Merchant Syndications Corp. and Casimir Capital Ltd., among other arm’s-length parties, acted as finders in connection with the offering. The company is pleased to have Peninsula and Sam Magid involved as strategic investors. Peninsula has been instrumental in creating and building value for a number of companies in the global natural resources sector, including Ventana Gold Corp.”
Today’s news came immediately following the market close. Seafield finished the day up a penny at 55 cents.
Hey Jon, What about CAN , don’t tell us you’re not holding any CAN position in your portfolios. CAN has added
almost %700 to its share value in the past 7 months, from $.90 to $6.00.
Comment by Forb — December 22, 2010 @ 8:26 pm
I don’t own CAN at the moment though I would love to.
Comment by Jon - BMR — December 22, 2010 @ 8:31 pm