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Adelphi Metals Inc. ( (TSE:ADP) ) just unveiled an announcement.
Adelphi Metals Inc. has closed an oversubscribed non-brokered private placement, issuing 5,320,000 units at $0.10 per unit for gross proceeds of $532,000, each unit consisting of one common share and one-half warrant exercisable at $0.15 for 24 months. The funds, after payment of finders’ fees in cash and warrants, will be used to advance the company’s Canadian exploration projects and support general working capital, strengthening its ability to progress its gold and base metal portfolio.
More about Adelphi Metals Inc.
Adelphi Metals Inc. is a Canadian junior exploration company focused on building a diversified portfolio of precious and base metal assets across Canada. Its key projects include the Triple R gold project in British Columbia and the newly optioned Brady Sudbury Project in Ontario, which is prospective for mesothermal lode gold, IOCG, and nickel-copper mineralization near the Sudbury Structure.
Average Trading Volume: 21,494
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.34M
See more data about ADP stock on TipRanks’ Stock Analysis page.