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Benz Capital Corp. ( (TSE:AVR) ) has issued an update.
Avaron Mining Corp. announced a non-brokered private placement of up to 2,600,000 shares at $0.05 per share, aiming to raise $130,000 for general working capital. The offering, subject to TSX Venture Exchange approval, is expected to close by March 28, 2005, and the shares will have a four-month hold period. This move is part of Avaron’s strategy to strengthen its financial position and support its ongoing projects, potentially impacting its market presence and stakeholder interests.
More about Benz Capital Corp.
Avaron Mining Corp. is a company that focuses on acquiring and developing mineral projects, emphasizing operations in safe, low-risk jurisdictions favorable to mining development. The company is currently working towards earning a 100% interest in the Tolisnica and Stanca Copper Property in Serbia.
YTD Price Performance: -50.0%
Average Trading Volume: 38,523
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$641.3K
Learn more about AVR stock on TipRanks’ Stock Analysis page.