Great Bear raising C$37m for Red Lake gold exploration
Company has entered into an agreement with Cormark and CIBC Capital Markets to act as co-lead underwriters and joint bookrunners for the purchase of 2 million flow-through common shares.
Swiss gold exports jumped to the highest since 2016 in August as increased demand from the U.K. continued to offset recent declines in flows to Asia, customs data show. Bullion deliveries to London held at a seven-year high last month driven by a surge in investors seeking haven assets.
Growth worries, coupled with the enduring risk of a no-deal Brexit, fueled demand for exchange-traded funds backed by gold.
(By Elena Mazneva)
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