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Akwaaba Mining Ltd ( (TSE:AML) ) has provided an update.
Akwaaba Mining Ltd. has successfully closed its non-brokered private placement, raising $150,000 CAD through the issuance of common shares at $0.11 per share. The funds will be used for the ongoing exploration at the Akorade project in Ghana, as well as for working capital and potential future acquisitions. The offering, which did not create any new control persons, was approved by the TSX Venture Exchange and involved participation from Allan Green, CEO and director of the company, in a related party transaction exempt from certain regulatory requirements.
More about Akwaaba Mining Ltd
Akwaaba Mining Ltd. operates in the mining industry, focusing on exploration projects. The company’s primary operations include the Akorade project in Ghana, and it aims to fund exploration, working capital, and future acquisitions.
YTD Price Performance: -12.50%
Average Trading Volume: 7,847
Technical Sentiment Signal: Buy
Current Market Cap: C$1.15M
Learn more about AML stock on TipRanks’ Stock Analysis page.