Vancouver's Gold Wheaton Corp. (TSX-V:GLW) and Rubicon Minerals Corp. (TSX:RMX) have together raised $155 million in separate public financings that closed March 5.
Gold Wheaton, which buys gold byproduct streams from mines, closed a $115 million equity financing co-led by Paradigm Capital Inc. and Canaccord Capital Corp. The syndicate of underwriters included GMP Securities LP, BMO Nesbitt Burns and Scotia Capital.
The company plans to use the funds for working capital and to pay the balance of a $133 million gold purchase deal with First Uranium Corp. it signed last November.
Rubicon has also closed a $40 million bought deal private placement, issuing 25 million shares at $1.60 per share. Its funds will be used to further explore and develop its Phoenix property in Red Lake, Ontario.
Rubicon's share price range during the past week: between $1.70 and $1.78; 52-week high: $2; 52-week low: $0.90.
Gold Wheaton's share price range during the past week: between $0.21 and $0.25; 52-week high: $1.85; 52-week low: $0.025.