Bonanza Mining Corporation Completes Private Placement

An announcement from Bonanza Mining Corporation ( (TSE:BNZ) ) is now available.

Bonanza Mining Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $166,600 through the sale of 6,664,000 units. Each unit comprises one common share and one share purchase warrant, with the warrants allowing the purchase of additional shares until February 2027. The funds raised will be used for general working purposes, and the securities are subject to a hold period in Canada until June 2025. Insiders participated in the offering, and exemptions were utilized to bypass certain regulatory requirements. A cash finder’s fee and finder warrants were also issued in connection with the offering.

More about Bonanza Mining Corporation

Bonanza Mining Corporation is a company operating in the mining industry, focusing on exploration and development activities. It is listed on the TSX Venture Exchange under the symbol BNZ.

YTD Price Performance: 11.11%

Average Trading Volume: 170,402

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$1.01M

Learn more about BNZ stock on TipRanks’ Stock Analysis page.