(Editor's Note: Investors should be mindful of the risks of transacting in illiquid securities such as GUYFF. Guyana's listing in Toronto, GUY.TO, offers stronger liquidity.)
On Monday, June 9th Guyana Goldfields (OTCPK:GUYFF)--owner and developer of the Aurora Project in Guyana--announced that it has received a credit facility that is sufficiently large enough to fund the company through production. While the deal was somewhat dilutive to existing shareholders, who had to endure a C$44.4 million private placement at below market prices, this was excellent news for the company.
But while the stock spiked on Wednesday its performance has been relatively in-line with the broader sector since the June 9th announcement. In order to reflect the value of this secondary...
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