Saturday, September 7, 2013

Spanish Mountain Gold Closes Financing

A few days old...I know, but still feel like its worth posting.

I had looked at this company a number of times but never pulled the trigger. If I recall correctly, they had some issues with financing, first nations agreements, and the grade was not quite what I liked, given the other discounted higher grade projects out there.

That being said, they raised 3 million the other day. The price has crossed the 50DMA recently, and with this news release we may see a more definitive change in direction. I'll be watching this play over the next week.

Click here for the news release.

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