Goldcorp invests 15.6 Million dollars in Evolving Gold

摘要

Although the Evolving Gold (evg-v) team consists of several former Newmont Mining (nmc-t, nem-n) people, it's Goldcorp (g-t, gg-n) that has decided to invest 15.6 million dollars in the junior gold explorer. Goldcorp is buying 19 million Evolving shares at 82 cents apiece in a private placement - a significant stake in a company that currently has 107.2 million shares outstanding and a market cap of 85.8 million dollars.