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Auscan Resources ( ($TSE:ACR.H) ) has shared an announcement.
Auscan Resources Inc. has successfully closed a private placement financing, raising a total of $238,800 through the issuance of 1,500,000 units. The proceeds will be used for general working capital purposes. Notably, insider participation was significant, with interim CEO Nick DeMare increasing his stake in the company to 19.16% on an undiluted basis. This transaction highlights a strategic move by insiders to consolidate their position within the company, potentially impacting its future direction and market perception.
More about Auscan Resources
Auscan Resources Inc. operates in the resource industry, focusing on financing and investment opportunities. The company is listed on the TSX Venture Exchange under the symbol ACR.H.
Average Trading Volume: 700
Technical Sentiment Signal: Sell
Current Market Cap: C$669.5K
See more data about ACR.H stock on TipRanks’ Stock Analysis page.