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Aeonian Resources Corp ( (TSE:ALTN) ) just unveiled an update.
Aeonian Resources Corp. has announced a non-brokered private placement to raise up to $800,400 through the sale of up to 20,010,000 units, each priced at $0.04. The proceeds will be used to advance exploration activities and for general working capital. The offering replaces a previously announced private placement and is subject to regulatory approvals. This move is expected to bolster Aeonian’s financial resources, aiding its exploration endeavors and potentially strengthening its position in the mineral exploration industry.
More about Aeonian Resources Corp
Aeonian Resources Corp. is a Canadian mineral exploration company focused on discovering copper deposits in British Columbia. The company is engaged in the Koocanusa Copper Project within the Purcell Basin, known for hosting significant sediment-hosted copper deposits. Aeonian has identified a 50 km copper corridor with multiple drill-ready targets, supported by geochemical and geophysical data, and is positioned for near-term copper discovery.
Average Trading Volume: 101,387
Technical Sentiment Signal: Buy
Current Market Cap: C$984.4K
See more insights into ALTN stock on TipRanks’ Stock Analysis page.