Despite some future optimism for gold equities in the coming months, overall market activity as of late has been rather lethargic.

The oft-discussed GDXJ rebalancing and other factors have led to an environment in which share prices have been stagnant and investor interest low.

Citing the fact that the best opportunities often present themselves in difficult markets, K92 Mining Inc. (TSX.V: KNT) has bucked the overall market trend by announcing the closing of an oversubscribed financing for total gross proceeds of $16,554,600.

The fact the deal went oversubscribed in a tough environment is a testament to the quality of the project fundamentals and the progress the team has made onsite, while also benefiting from the strength of the syndicate of agents involved led by Clarus Securities and including CIBC World Markets, Eventus Capital and Haywood Securities.

Continue reading at the Financial Post...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 26511.10 0.18%
S&P 500 2907.97 0.10%
NASDAQ 8015.27 0.21%
TSX 16577.28 0.21%
TSX-V 610.55 0.00%

Resource Commodities

Name Last Change
Gold 1273.90 0.06%
Silver 14.97 0.27%
Copper 2.91 2.908
Platinum 901.00 0.67%
Oil 65.70 2.59%
Natural Gas 2.52 1.35%
Uranium 25.88 0.00%
Zinc 1.27 0

@RSDigest ON TWITTER