Business
Burin Gold Successfully Completes $6.9 million Initial Public Offering, Begins Trading on the TSX Venture Exchange
VANCOUVER, British Columbia, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Burin Gold Corp. (“Burin Gold” or the “Company”) is pleased to announce that its common shares wi
About this update from Infinico Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Burin Gold Corp. (“Burin Gold” or the “Company”) is pleased to announce that its common shares will commence trading on the TSX Venture Exchange (“TSX-V”) today at market open under the symbol “BURG”. This follows the closing of the Company’s successful initial public offering (“IPO”) led by Haywood Securities Inc. and Laurentian Bank Securities Inc. and including Echelon Wealth Partners Inc. David Clark, CEO of the Company, said: “On behalf of Burin Gold, I would like to thank our existing and new shareholders for their support throughout this successful IPO process. We are looking forward to starting this next pivotal chapter of Burin Gold’s growth as a listed company and owe our thanks to our shareholders, consultants, and partners for helping the Company to reach this important milestone. I also would like to thank Plethora Private Equity Fund for their belief in the potential of this project and their support in incubating the Company since 2018. The proceeds from the IPO will be used to execute our planned exploration programs on the Hickey’s Pond – Paradise Gold project located in eastern Newfoundland.” Phillip Walford, Chair of the Board, said: “On behalf of the Board of Burin Gold, I would like to thank all those who contributed to this successful IPO. This financing enables the Company to conduct a well-designed exploration program in 2022 with an initial focus on the Hickey’s Pond gold zone followed by exploration on the known but currently under-explored and undrilled epithermal gold showings elsewhere on the large property. It is going to be an exciting year for Burin Gold and Burin Gold shareholders.” Burin Gold is a new public company currently focused on follow-on drilling at its prospective Hickey’s Pond-Paradise Gold Project where a 2020 drill program intersected mineralisation of 58.25 m of 1.12 g/t gold from surface, including 10.80 m of 4.43 g/t gold (see the Company’s news release of February 24, 2021, issued under its previous name of Bonavista Resources Corp.) The Company operates in an under-explored district of Newfoundland, Canada; a tier-one jurisdiction recognized for mining investment based on mineral potential, favourable geopolitical jurisdiction, historical mining, and ongoing exploration successes. Burin Gold is led by a Board and E...