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Abasca Resources Closes $3.2 Million Private Placement

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Abasca Resources Closes $3.2 Million Private Placement

AMV Capital Corp. (TSE:ABA) has released an update.

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Abasca Resources Inc. has successfully closed a $3.2 million non-brokered private placement, selling 20 million units at $0.16 each. The funds from this offering will be directed towards exploration activities for their Key Lake South Uranium Project. This strategic move highlights the company’s focus on expanding its mineral exploration endeavors.

For further insights into TSE:ABA stock, check out TipRanks’ Stock Analysis page.

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