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The latest announcement is out from Astra Exploration Inc ( (TSE:ASTR) ).
Astra Exploration Inc. has announced a $5 million bought deal financing agreement with Cormark Securities Inc. and other underwriters, which includes the sale of over 8 million shares at C$0.62 each. The proceeds will be used for exploration at the La Manchuria project and general working capital. This financing move is expected to bolster Astra’s exploration efforts and strengthen its position in the precious metals sector, particularly in Latin America.
More about Astra Exploration Inc
Astra Exploration Inc. is a Vancouver-based precious metals exploration company focused on developing high-quality projects in Latin America’s key mining regions. The company has interests in the La Manchuria gold-silver project in Argentina, the Pampa Paciencia gold and silver project in Chile, and the Cerro Bayo project in Chile, each located in prolific mining belts known for significant precious metals deposits.
Average Trading Volume: 111,373
Technical Sentiment Signal: Buy
Current Market Cap: C$64.74M
For detailed information about ASTR stock, go to TipRanks’ Stock Analysis page.