(GORO) DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the âCompanyâ) today announces that it is pursuing a registered direct offering with certain investors for the purchase and sale of up to 25,315,960 shares of the Companyâs common stock at a price of $0.45 per share (the âSharesâ), resulting in estimated total gross proceeds of approximately $11.4 million cash (the âOfferingâ). The Company intends to use approximately $6.4 million of the net proceeds of the Offering to pr
Related Questions
How will the dilution from issuing approximately 25.3âŻmillion shares at $0.45 affect GORO's earnings per share and current valuation?
What specific growth initiatives or projects is the company planning to fund with the $6.4âŻmillion portion of the net proceeds, and how might those impact future cash flows?
What is the market's perception of this capital raise compared to recent similar offerings in the junior mining sector, and could it lead to a temporary price pressure or longerâterm liquidity considerations?