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Compass Gold ( (TSE:CVB) ) just unveiled an announcement.
Compass Gold Corp. has announced a fully subscribed $600,000 private placement, issuing 4,000,000 units at $0.15 per unit. The funds will support the company’s Small Mine Strategy at Massala and general corporate purposes. This financing, backed by existing and new investors, strengthens Compass Gold’s operational capabilities and strategic initiatives. The offering is expected to close around September 24, 2025, subject to regulatory approvals, and may involve related party transactions and finder’s fees.
More about Compass Gold
Compass Gold Corp. is a public company based in Ontario and listed as a Tier 2 issuer on the TSX Venture Exchange. The company focuses on gold exploration in Mali, holding permits for the Sikasso Property, which spans 1,173 square kilometers in southern Mali. This area is notable for its proximity to several multi-million-ounce gold projects. Compass’s exploration efforts are led by a Mali-based technical team under the supervision of Dr. Sandy Archibald.
Average Trading Volume: 26,481
Technical Sentiment Signal: Buy
Current Market Cap: C$19.76M
Learn more about CVB stock on TipRanks’ Stock Analysis page.