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The latest update is out from Alma Gold ( (TSE:ALMA) ).
Alma Gold Inc. has increased its previously announced non-brokered private placement to 18,437,500 units for gross proceeds of $1,475,000, up from $1,200,000, following strong investor demand, and has closed a first tranche raising $775,000 through the issuance of 9,687,500 units priced at $0.08 each, with attached five-year warrants exercisable at $0.15. Proceeds will be directed to general working capital and the assessment of potential strategic initiatives, while insider participation in the financing—structured to comply with minority protection rules—signals internal confidence and provides additional funding flexibility for the company’s ongoing gold exploration programs in Guinea and New Brunswick.
More about Alma Gold
Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia, with assets in both West Africa and Canada. Through its subsidiary Karita Gold Corp., the company is exploring the Karita West Project in northern Guinea and pursuing Dialakoro project permits in Guinea’s Siguiri Basin, while also owning the Clarence Stream North Gold Project in southwest New Brunswick.
YTD Price Performance: 5.56%
Average Trading Volume: 56,019
Technical Sentiment Signal: Buy
See more data about ALMA stock on TipRanks’ Stock Analysis page.