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An update from Angold Resources Ltd ( (TSE:AERO) ) is now available.
Aero Energy Ltd, a company involved in uranium exploration, has announced an update on its projects in the Athabasca Basin, Saskatchewan, and a non-brokered private placement offering to raise up to $5 million. The company has amended its option agreement for the Murmac and Strike projects, providing more flexibility in meeting exploration expenditure requirements to earn a 51% interest. Additionally, Aero has decided to relinquish its option on the Sun Dog Uranium Project to focus resources on higher-priority projects. The private placement will involve issuing common shares to raise funds for exploration and advancement activities.
More about Angold Resources Ltd
Average Trading Volume: 211,311
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$5.4M
Learn more about AERO stock on TipRanks’ Stock Analysis page.