Despite some future optimism for gold equities in the coming months, overall market activity as of late has been rather lethargic.

The oft-discussed GDXJ rebalancing and other factors have led to an environment in which share prices have been stagnant and investor interest low.

Citing the fact that the best opportunities often present themselves in difficult markets, K92 Mining Inc. (TSX.V: KNT) has bucked the overall market trend by announcing the closing of an oversubscribed financing for total gross proceeds of $16,554,600.

The fact the deal went oversubscribed in a tough environment is a testament to the quality of the project fundamentals and the progress the team has made onsite, while also benefiting from the strength of the syndicate of agents involved led by Clarus Securities and including CIBC World Markets, Eventus Capital and Haywood Securities.

Continue reading at the Financial Post...

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MARKET SUMMARY

INDICES

Name Last Change
DOW 27730.90 0.73%
S&P 500 3101.01 0.62%
NASDAQ 8502.40 0.80%
TSX 16980.19 0.18%
TSX-V 524.57 0.00%

Resource Commodities

Name Last Change
Gold 1471.84 0.21%
Silver 17.13 0.18%
Copper 2.65 2.654
Platinum 901.00 0.67%
Oil 55.21 3.33%
Natural Gas 2.51 2.23%
Uranium 25.88 1.17%

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