St. James Gold Continues Aggressive Acquisitions in Pursuit of Pure Gold Play Status

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

St. James Gold Corp. (TSXV: LORD) (OTCQB: LRDJF) BVU continues its momentum in the development of economic mineral deposits by its acquisition of several prospective exploration projects. The company currently holds multiple options for acquisition focused on developing more efficient exploration projects and has emerged as a new and undiscovered pure gold play as the largest undeveloped gold asset in the Yukon.  

In continuing to build its reputation as an aggressive player in the gold exploration market, St. James Gold, a Vancouver, British Columbia-based company, has recently obtained options to buy:

A full interest in 29 claims covering 1,791 acres in the Gander gold district in north-central Newfoundland, adjacent to New Found Gold Corp.’s Queensway North project

  • An option to acquire a 100% interest in 28 claims covering 1,730 acres in central Newfoundland adjacent to Marathon Gold’s Valentine Lake property
  • An option and joint venture agreement (JVA) in April 2021 to acquire up to a 100% interest in its Florin gold project, covering nearly 22,000 contiguous acres in the historic Tintina Gold Belt in the Yukon Territory  

In addition, St. James Gold recently announced it has entered into an agreement with Canaccord Genuity Corp. as lead agent and on the behalf of a syndicate of agents. The deal was made in connection with commercially reasonable efforts and brokered private placement of up to 2,170,000 units of the company at $3 per unit. Aggregate proceeds to the company will be $6,510,000. More information is available at the St. James Gold website

The Florin gold project covers nearly 22,000 contiguous acres in the historic Tintina Gold Belt, subject to regulatory approval. The resource has contributed to a 27% increase in total ounces of gold while being upgraded from a block model and now including a pit whittle shell. 

The company also intends to use the net proceeds of the offering to close the initial payment on the Florin project acquisition. Proceeds will also be used to finance drilling on the Florin gold project and Newfoundland properties.

The St. James Gold momentum continued with a shares jump of 23% after the news of the company closing a deal with an underwriting syndicate in connection with a brokered private placement of up to 2.17 million units at $3 per unit, with the expectation of raising $6.51 million. In the deal, the company granted underwriters the option to increase the size of the offering by up to 500,000 units, with the potential of another $1.5 million in proceeds. 

Gold prices recently have defied U.S. inflation, job growth and economic stimulus prompted by the ongoing pandemic by rising to its highest level in three months.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

Posted In: Partner ContentSt. James GoldNewsGlobalMarketsGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.