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Ascendant Resources Inc ( (TSE:ASND) ) has issued an announcement.
Ascendant Resources Inc. has successfully closed the first tranche of a private placement to raise funds for its Lagoa Salgada project and address short-term financial obligations. This funding round, which includes significant investment from Cerrado Gold Inc., is part of an arrangement where Cerrado plans to acquire all outstanding shares of Ascendant, potentially strengthening Ascendant’s market position and operational capabilities.
More about Ascendant Resources Inc
Ascendant Resources Inc. operates in the mining industry, focusing primarily on the development and exploration of mineral properties. The company is notably engaged in advancing the Lagoa Salgada project in Portugal.
YTD Price Performance: -4.00%
Average Trading Volume: 108,251
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.23M
See more insights into ASND stock on TipRanks’ Stock Analysis page.