Barrick Mining invests C$20.88M in Kingfisher Metals via a private placement at C$1.35 per unit.
Barrick Mining will purchase 15.47 million units of Kingfisher Metals in a non-brokered private placement, valuing the deal at C$20.88 million. Each unit, priced at C$1.35, consists of one common share of Kingfisher Metals (KFR:CA).
The transaction marks Barrick’s entry into Kingfisher Metals, securing a roughly 9.9% stake. No prior public disclosure of Barrick’s interest in Kingfisher Metals was made, and the placement does not involve underwriters.
Details on the strategic rationale or expected market impact were not provided in the announcement.