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Pancontinental Gold ( (TSE:RUSH) ) has provided an announcement.
Carolina Rush Corporation has successfully completed a non-brokered private placement offering, raising approximately $3.5 million through the issuance of units comprising common shares and purchase warrants. The proceeds will be used for general working capital, and the offering involved a related party transaction, which was expedited without a material change report. This financial maneuver is expected to support the company’s ongoing exploration activities and strengthen its market position in the gold-copper exploration sector.
More about Pancontinental Gold
Carolina Rush Corporation is a Southeastern U.S.-focused exploration company advancing the Brewer Gold-Copper Project in South Carolina. The project is under an Earn-In Option Agreement with OceanaGold Corporation and is located near OceanaGold’s Haile Gold Mine. The Brewer project is characterized by near-surface Au-Cu epithermal mineralization with potential for deeper porphyry-style mineralization.
Average Trading Volume: 99,831
Technical Sentiment Signal: Buy
Current Market Cap: C$5.9M
See more insights into RUSH stock on TipRanks’ Stock Analysis page.