Dakota Gold Corp (NASDAQ:DC) shares are trading lower by 8.1% to $2.81 during Friday’s session following its announcement and pricing of a $35 million common stock offering.

What To Know: Dakota Gold has priced its public offering of 12.4 million common shares at $0.001 par value, expected to close by March 24, pending regulatory approval.

The offering will generate approximately $35 million in gross proceeds, with an option for underwriters to purchase an additional 1.86 million shares, potentially raising total proceeds to $40 million. The funds will support working capital and general corporate purposes.

What Else: The total gross proceeds of $35 million from 12.4 million shares suggest an estimated offering price of approximately $2.82 per share.

BMO Capital Markets leads the offering, with Canaccord Genuity, CIBC Capital Markets, RBC Capital Markets, Scotiabank and Agentis Capital Markets as co-managers. Underwriters have 30 days to exercise their option for additional shares.

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How To Buy DC Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Dakota Gold’s case, it is in the Materials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, DC has a 52-week high of $3.50 and a 52-week low of $1.84.