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Stock impact report

Headwater Announces Strategic Investment by Centerra Gold [Yahoo! Finance]

Centerra Gold Inc. Common Shares (CGAU) 
Company Research Source: Yahoo! Finance
pleased to announce that the Company and Centerra Gold Inc. ("Centerra") have agreed to a strategic investment under which Centerra will acquire 9.9% of the issued and outstanding common shares of the Company. Centerra will purchase, through a non-brokered private placement, 7,000,000 common shares of the Company at a price of $0.22 per share for gross proceeds of $1,540,000 (the "Offering"). The issue price represents a 15% premium to the last closing price of Headwater common shares on the Canadian Securities Exchange ("CSE") as of September 6, 2024. Caleb Stroup, President and CEO of the Company, states: "We are very pleased to welcome Centerra as a new strategic Headwater shareholder. The Company continues to advance our mission of delivering value through the discovery of high-grade, high-upside gold deposits in one of the most mining friendly jurisdictions in the world and I believe this represents a great vote of confidence in both our technical work and overall business stra Show less Read more
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