Dakota Gold Penned A Binding Agreement With Orion Mine Finance's OMF Fund IV SPV C LLC For An Investment Of $17M In Dakota Gold And A Commitment From Orion For Future Financing Support
Portfolio Pulse from Benzinga Newsdesk
Dakota Gold Corp. (NYSE:DC) has entered into a binding agreement with OMF Fund IV SPV C LLC, managed by Orion Mine Finance, for an investment of $17 million and a commitment for future financing support.
October 12, 2023 | 9:36 am
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Dakota Gold Corp. has secured a $17 million investment and future financing commitment from Orion Mine Finance, which could provide financial stability and potential growth.
The investment of $17 million from Orion Mine Finance into Dakota Gold Corp. provides the company with immediate capital. The commitment for future financing support also indicates a level of confidence in Dakota Gold's future prospects, which could positively impact the company's stock price in the short term.
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