Bear Creek Mining Announces Private Placement and Board Changes

Bear Creek Mining ( (TSE:BCM) ) has issued an announcement.

Bear Creek Mining Corporation has announced a brokered private placement to raise approximately C$14.5 million through the sale of common shares, with the possibility of additional proceeds if the underwriters’ option is exercised. The company has also appointed Peter C. Mitchell and Ian Grundy as new directors, following the retirement of two board members. Additionally, Bear Creek is negotiating amendments to defer interest payments on certain debts and has secured a credit extension from Sandstorm Gold Ltd. to support its working capital needs.

More about Bear Creek Mining

Bear Creek Mining Corporation is a company operating in the mining industry, primarily focusing on the exploration and development of mineral properties. It is listed on the TSX Venture Exchange and the Lima Stock Exchange.

YTD Price Performance: -24.81%

Average Trading Volume: 140,899

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $46.54M

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