Sabina gets C$66M boost from Chinese miner

Sabina Gold & Silver Corp. Jan. 22 announced the closing of a C$66.1 million financing that involved Zhaojin International Mining Co. acquiring 24.93 million Sabina Gold shares at C$2.65 each.

As a result of this investment, the China-based gold mining company owns roughly 9.9 percent of Sabina’s issued and outstanding common shares on a non-diluted basis.

Zhaojin International is a subsidiary of...