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Alma Gold Amends Private Placement Terms to Raise Over $1 Million

Story Highlights
  • Alma Gold Inc. amends private placement terms, offering units at $0.08 each.
  • The company aims to raise $1,138,770, impacting its exploration projects and market positioning.
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Alma Gold Amends Private Placement Terms to Raise Over $1 Million

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Alma Gold ( (TSE:ALMA) ) just unveiled an announcement.

Alma Gold Inc. has amended the terms of its previously announced private placement, now offering units at $0.08 each, consisting of one common share and a warrant to purchase an additional share at $0.16 for two years. The company aims to raise $1,138,770 in gross proceeds, with the first tranche expected to close on July 3, 2025, potentially followed by additional tranches. This adjustment reflects Alma Gold’s strategic efforts to secure capital for its exploration projects, potentially impacting its market positioning and stakeholder interests.

More about Alma Gold

Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia. It operates through its subsidiary Karita Gold Corp., exploring projects in northern Guinea and the Siguiri Basin, as well as owning the Clarence Stream North Gold Project in New Brunswick, Canada.

Average Trading Volume: 43,992

Technical Sentiment Signal: Sell

Find detailed analytics on ALMA stock on TipRanks’ Stock Analysis page.

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