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Bluestone Resources has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity for an C$80 million bought deal of 45.7 million shares priced at $1.75 each.
Cerro Blanco in Guatemala
The proceeds will be used to advance the Cerro Blanco gold project in Guatemala and will comprise the equity component of its $200 million capital requirement, some 40% of the total.
Broader trend is for less broker action
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