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Bonanza Mining Corporation ( (TSE:BNZ) ) has issued an update.
Bonanza Mining Corporation has announced a non-brokered private placement of up to 10 million units at $0.03 per unit to raise as much as $300,000, with each unit comprising one common share and a two-year warrant exercisable at $0.05. The financing, which may include participation by company insiders and is subject to TSX Venture Exchange approval, will be used primarily for general working capital and to pay approximately $150,000 in outstanding and ongoing professional and administrative fees to related parties, and all securities issued will be subject to a four-month-plus-one-day hold period under Canadian securities laws.
More about Bonanza Mining Corporation
Bonanza Mining Corporation is a Canadian junior mining company listed on the TSX Venture Exchange under the symbol BNZ. Based in Vancouver, the company operates in the mineral exploration and mining sector, focusing on early-stage resource projects and associated corporate development activities within Canada.
Average Trading Volume: 48,836
Technical Sentiment Signal: Buy
Current Market Cap: C$1.71M
For an in-depth examination of BNZ stock, go to TipRanks’ Overview page.