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Compass Gold ( (TSE:CVB) ) has shared an announcement.
Compass Gold Corporation has successfully closed a $700,000 private placement, exceeding its initial target by $100,000 due to strong investor demand. The funds will be utilized to advance the company’s Small Mine Strategy at Massala and for general corporate purposes. The offering involved issuing units that include common shares and purchase warrants, with insiders participating in the transaction. The completion of this financing round is expected to bolster Compass Gold’s operational capabilities and strategic positioning in the gold exploration sector.
More about Compass Gold
Compass Gold Corp., a public company incorporated in Ontario, operates 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 across four sites in southern Mali. This region is notable for its proximity to several significant multi-million-ounce gold projects.
Average Trading Volume: 32,600
Technical Sentiment Signal: Hold
Current Market Cap: C$19.53M
See more insights into CVB stock on TipRanks’ Stock Analysis page.