07:17 AM EDT, 09/27/2024 (MT Newswires) -- Dore Copper Mining ( DRCMF ) said overnight Thursday that it raised $4.7 million in a private placement of common shares and flow-through shares.

The offering comprised 20,960,955 common shares priced at $0.105 apiece; 1,400,000 traditional flow-through shares at $0.125 each; and 11,500,000 charitable flow-through shares at $0.20 apiece.

The company will use the proceeds for exploration and development activities, feasibility study work, permitting activities and for working capital and general corporate purposes.

Dore's share price rose 4.8% yesterday to $0.11 on the TSXV.