Abacus Mining & Exploration ( (TSE:AME) ) just unveiled an update.
Abacus Mining & Exploration Corporation has announced a further increase in its non-brokered private placement offering to 23,500,000 units, aiming to raise up to $470,000. The proceeds will be used for exploration and general working capital, enhancing the company’s operational capabilities and potentially strengthening its market position in the copper and gold sectors. The offering, subject to TSX Venture Exchange approval, includes common shares and warrants, with securities subject to a four-month hold period under Canadian law.
More about Abacus Mining & Exploration
Abacus Mining & Exploration Corporation is a mineral exploration and mine development company primarily focused on copper and gold projects in British Columbia and Nevada. The company’s main asset is a 20% ownership interest in the proposed copper-gold Ajax Mine in B.C., which is under joint development with KGHM Polska Miedź S.A. Abacus also owns the Willow copper-gold property and controls the Nev-Lorraine claims in Nevada.
Average Trading Volume: 45,937
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.98M
For a thorough assessment of AME stock, go to TipRanks’ Stock Analysis page.