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KWG Resources ( (TSE:CACR) ) has shared an update.
The Canadian Chrome Company Inc. has closed a non-brokered flow-through private placement, issuing 13,250 flow-through units at $20.00 per unit for gross proceeds of $265,000. Each unit consists of multiple voting shares and flow-through warrants, while finders were compensated through the issuance of additional units and warrants in lieu of cash fees. The proceeds will be used to fund qualifying exploration programs on the company’s Ontario properties aimed at delineating the extent and quality of mineral resources, supporting its ongoing efforts to advance large-scale chromite and strategic mineral projects in the Ring of Fire. All securities issued in the placement are subject to a four-month hold period, modestly strengthening the company’s balance sheet and funding its near-term exploration activities.
More about KWG Resources
The Canadian Chrome Company Inc., formerly KWG Resources Inc., is an exploration-stage mining company focused on identifying, acquiring, consolidating, exploring, developing and evaluating large-scale deposits of minerals, including chromite, base metals and strategic minerals in Ontario’s Ring of Fire region. The company also supports development of transportation and electrification links needed to access remote mineral deposits, positioning itself within Canada’s critical minerals and infrastructure development landscape.
Average Trading Volume: 2,564,528
Technical Sentiment Signal: Hold
Current Market Cap: C$32.94M
See more data about CACR stock on TipRanks’ Stock Analysis page.