Azarga Metals Secures $1.1 Million in Private Placement

Azarga Metals ( (TSE:AZR) ) just unveiled an update.

Azarga Metals Corp. has successfully closed a non-brokered private placement, raising $1.1 million through the issuance of common shares. The proceeds will be used for investment in the company’s VMS Marg project, settling trade payables, resolving outstanding debts, and covering general administrative expenses. In a related development, Junbord International Limited acquired a significant stake, now holding 24.9% of Azarga’s common shares, potentially impacting the company’s shareholder structure.

More about Azarga Metals

Azarga Metals Corp. is a company operating in the mining industry, focusing on the exploration and development of high-grade copper-rich projects. Its primary market focus includes the VMS Marg project located in the Keno Hill Silver District of the Yukon Territory.

YTD Price Performance: -20.0%

Average Trading Volume: 39,214

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$1.04M

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