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Bayridge Resources Corp. ( (TSE:BYRG) ) just unveiled an announcement.
Bayridge Resources Corp. has closed a non-brokered private placement raising gross proceeds of $567,500 through the issuance of 1,830,000 flow-through units at $0.25 and 550,000 non-flow-through units at $0.20, each unit including common shares and half-warrants with two-year exercise periods at premiums to the issue prices. The company plans to deploy the capital to advance its Canadian uranium exploration projects and for working capital and investor relations, with the flow-through portion earmarked for qualifying Canadian exploration expenditures, while also paying $35,000 in finders’ fees and issuing 143,500 finders’ warrants, steps that bolster its funding position for continued exploration at Baker Lake and Waterbury East amid growing interest in nuclear-linked green energy assets.
More about Bayridge Resources Corp.
Bayridge Resources Corp. is a green energy-focused exploration company advancing a portfolio of Canadian uranium projects. Its key assets include a 51% interest in the large-scale Baker Lake Uranium Project in Nunavut, spanning 83 contiguous claims over 619 km² with a 75 km unconformity hosting multiple uranium targets, and a 40% interest in the Waterbury East project in the northeastern Athabasca Basin near the Cigar Lake Mine, where geophysical work has outlined a 7 km conductive corridor with locally uranium-enriched, faulted and altered basement rocks that remain largely untested.
Average Trading Volume: 27,050
Technical Sentiment Signal: Sell
Current Market Cap: C$1.63M
Find detailed analytics on BYRG stock on TipRanks’ Stock Analysis page.