Junior explorer Golden Predator Royalty & Development Corp. (TSX:GPD) announced Monday a $5 million flow-through common share financing.
The Vancouver-based company said the offering would occur on or before April 20, and the proceeds would be used for further exploration at its projects located in the Yukon's Tintina gold belt.
A syndicate of agents that include Canaccord Financial Ltd. and PI Financial Corp. will lead the financing, and offer 8,350,000 flow-through shares of the company for $0.60 per share.
The offering also includes an over-allotment option that if fully exercised could garner an additional $1 million.
Golden Predator has eight active exploration properties in the Yukon, and plans to step up drill programs at five of them this summer.
In February, the company founded the Yukon Gold Mining Alliance with six other junior mining companies to promote mineral-focused investment opportunities in the Klondike.
Golden Predator's share price range during the past week: $0.54; 52-week high: $0.88; 52-week low: $0.38.