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Colossus Resources Corp. ( (TSE:CLUS) ) has provided an announcement.
Colossus Resources Corp. has announced a price reservation for a debt settlement and a non-brokered private placement financing. The company plans to settle CDN$204,490.50 in outstanding debt by issuing 4,089,810 common shares at CDN$0.05 per share, subject to TSX Venture Exchange approval. Additionally, Colossus is initiating a private placement financing of up to 1,800,000 units at CDN$0.05 per unit, aiming to raise CDN$90,000 for working capital. Each unit includes one common share and a warrant to purchase an additional share, potentially impacting the company’s liquidity and market positioning.
More about Colossus Resources Corp.
Colossus Resources Corp. is a junior mineral exploration company focused on enhancing shareholder value through the acquisition, discovery, and advancement of high-quality copper-gold projects.
Average Trading Volume: 15,361
Technical Sentiment Signal: Sell
See more insights into CLUS stock on TipRanks’ Stock Analysis page.