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Amseco Exploration ( (TSE:CAN) ) just unveiled an announcement.
Canadian Gold Resources has completed the sale of 7,000,000 non-flow-through units at $0.15 per unit under its listed issuer financing exemption offering, raising gross proceeds of $1,050,000. Each unit consists of one common share and one warrant exercisable at $0.22 for 36 months, with an acceleration clause tied to share price performance, and the company also issued finder’s warrants and paid cash finder’s fees in connection with the financing. Net proceeds will fund asset purchases for the Lac Arsenault, Robidoux and VG Boulder gold projects and cover certain corporate overheads, bringing total capital raised in the past 30 days to just over $3.06 million, subject to final TSX Venture Exchange acceptance, which strengthens the company’s balance sheet and supports ongoing exploration across its Quebec portfolio.
More about Amseco Exploration
Canadian Gold Resources Ltd. (TSXV: CAN) is a junior exploration company focused on advancing three high-grade gold properties totaling roughly 16,000 hectares in Quebec’s Gaspé Peninsula. Its strategy is to unlock the potential of historically explored assets through modern exploration and development, led by a management team with a track record in discovery and project advancement.
Average Trading Volume: 163,433
Technical Sentiment Signal: Sell
Current Market Cap: C$5.42M
See more data about CAN stock on TipRanks’ Stock Analysis page.