Selkirk increases private placement to raise $30m

After announcing a private placement to raise C$20-million, TSX-V-listed Selkirk Copper Mines has increased the size of the placement to raise gross proceeds of C$41-million, or $30-million, owing to strong investor demand.

The proceeds will be used to advance development of the Minto mine, in Canada’s Yukon territory, as well as for working capital and general corporate purposes.