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The latest announcement is out from BGX – Black Gold Exploration Corp. ( (TSE:BGX) ).
BGX – Black Gold Exploration Corp. announced a non-brokered private placement to raise up to $500,000 through the issuance of 2,500,000 units priced at $0.20 each. The proceeds will be used to complete and commence production at the Fritz 2-30 Well, further drilling activities, marketing, and general working capital. This move is expected to enhance the company’s operational capabilities and strengthen its market position.
More about BGX – Black Gold Exploration Corp.
BGX – Black Gold Exploration Corp. is an oil and gas exploration company focused on creating shareholder value through the acquisition, exploration, and development of oil and gas projects. The company currently holds assets in Argentina and the United States.
Average Trading Volume: 23,544
Technical Sentiment Signal: Strong Sell
Learn more about BGX stock on TipRanks’ Stock Analysis page.