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AFR NuVenture Resources Inc ( (TSE:AFR) ) has shared an announcement.
AFR NuVenture Resources Inc. announced a non-brokered private placement to raise up to $175,000 by offering 5,000,000 common shares at $0.035 each. The funds will cover costs related to a definitive agreement for the Massey Nickel Project and general administrative expenses. The private placement is available to current shareholders, with a record date set for February 17, 2025, and officers and directors may subscribe to over 25% of the offering. This initiative underscores AFR’s strategic focus on funding its exploration projects and operational needs, potentially shaping its future growth and development in the resource sector.
More about AFR NuVenture Resources Inc
AFR NuVenture Resources Inc. operates in the resource industry, focusing on exploration and development projects. The company is involved in initiatives such as the Massey Nickel Project, reflecting its attention to mining and resource extraction sectors.
YTD Price Performance: 75.00%
Average Trading Volume: 64,223
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$921.5K
For a thorough assessment of AFR stock, go to TipRanks’ Stock Analysis page.