Capitan Mining ( (TSE:CAPT) ) just unveiled an announcement.
Capitan Silver Corp. has announced an increase in its non-brokered private placement offering to raise up to C$5.3 million. The funds will be utilized to support exploration at the Cruz de Plata Project, pursue additional consolidation opportunities, and cover general corporate expenses. Each unit of the offering includes one common share and one common share purchase warrant, with terms under review by the TSX Venture Exchange. The offering is contingent upon regulatory approvals, including that of the TSX Venture Exchange, and all issued securities will be subject to a four-month hold period. This move could enhance Capitan Silver’s exploration capabilities and strategic positioning within the precious metals market.
More about Capitan Mining
Capitan Silver Corp. is a Canadian exploration company focused on advancing its Cruz de Plata silver gold project located in Durango, Mexico. The company is managed by a team with a successful track record of developing precious metal operations in Mexico over the past 16 years.
YTD Price Performance: 42.73%
Average Trading Volume: 43,149
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.41M
For detailed information about CAPT stock, go to TipRanks’ Stock Analysis page.