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An announcement from Abitibi Metals ( (TSE:AMQ) ) is now available.
Abitibi Metals Corp. has announced an increase in its previously announced bought deal financing to approximately C$14 million. The funds will be raised through the sale of charity flow-through common shares and hard dollar common shares, with proceeds directed towards advancing the B26 Polymetallic Deposit and general corporate purposes. This move is expected to bolster the company’s operational capabilities and enhance its market position within the mineral exploration industry.
More about Abitibi Metals
Abitibi Metals Corp. is focused on acquiring and exploring mineral properties in Quebec, with a strong emphasis on high-quality base and precious metal assets that present significant growth and expansion potential.
Average Trading Volume: 565,901
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$60.36M
Learn more about AMQ stock on TipRanks’ Stock Analysis page.