17 May 2018
Sabina Gold & Silver Corp is pleased to announce the closing of the previously announced non-brokered private placement. The offering was comprised of 3,355,500 flow-through common shares at a price of $2.00 per share for gross proceeds of approximately $6.7 million. “This financing enables us to use flow-through dollars rather than the hard dollars allocated for continued development activities at Back River,” said Bruce McLeod, President & CEO. “This funding provides for an additional 10,000 meters at Back River to follow up on successes from this year’s spring program as well as last year’s program.”