Searchlight Minerals Corp. (SRCH) Secures $4.05M Placement with Luxor Capital Group, Appoints Business/Finance Veteran to Board
Searchlight Minerals, the Arizona/Nevada-focused, exploration stage mineral developer known for their Clarkdale Slag Project (slag reclamation project pulling in precious and base minerals from the United Verde Copper Mine) and their Searchlight Gold Project, reported that the equity financing deal with Luxor Capital Group, LP was successfully completed (deal occurred yesterday, June 7). In addition to the rousing news of the equity financing deal, that has seen 4.5M shares of SRCH common stock change hands at the price of $0.90/share, generating proceeds of some $4.05M, Searchlight also announced that 35-year international banking and financial business management veteran, John E. Mack…