Golden Queen Mining Co. Ltd announced the completion of a previously announced private placement for convertible bonds with a collective income of CAD10 million. The company announced that the funds will be allocated for the advancement of their Soledad Mountain Project. The company also mentioned that they will use the funding for ongoing project construction requirements. Golden Queen Mining Co. Ltd. said that CAD7.5 million worth of convertible bonds were acquired by the investment vehicle which is owned by Golden Queen Mining Co. Ltd. Director, Tomas M. Clay.
Golden Queen Mining Co. Ltd. is a Canada-based mining and exploration stage company currently engaged in acquiring and maintaining gold and silver mining projects. These projects are tagged for exploration, production and future development. Golden Queen Mining Co. Ltd's current projects involves the production of a precious metal mining site, which is located in the Mojave Mining District of Kern County, California.
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