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Capitan Mining ( (TSE:CAPT) ) has provided an update.
Capitan Silver Corp. announced the successful closing of a C$5.3 million private placement, issuing 13,250,000 units at C$0.40 per unit. The strategic investment was led by Jupiter Gold & Silver Fund, which now holds approximately 9.8% of Capitan’s shares. The proceeds will be used to fund exploration activities at the Cruz de Plata project and other consolidation opportunities, enhancing Capitan’s operational capacity and market positioning.
More about Capitan Mining
Capitan Silver Corp. operates in the mining industry, focusing on the exploration and development of gold and silver projects. The company is particularly involved in advancing its Cruz de Plata gold-silver project.
YTD Price Performance: 39.09%
Average Trading Volume: 43,675
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $26.68M
For a thorough assessment of CAPT stock, go to TipRanks’ Stock Analysis page.