Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Stone Gold Inc. ( (TSE:CRD) ) just unveiled an update.
Copper Road Resources Inc. has closed the second and final tranche of its previously announced non-brokered private placement, raising aggregate gross proceeds of $539,640 through a mix of flow-through and hard-dollar units priced between $0.04 and $0.05 per unit, each unit including one common share and a warrant exercisable at $0.05 for 18 months. The company plans to use the flow-through proceeds to fund qualifying exploration expenditures on its Ben Nevis Project and other Ontario properties, with a director participating as a related party under securities rules, while the financing remains subject to TSX Venture Exchange approval, includes finder fees and warrants, and corrects an earlier misstatement of the unit offering price.
More about Stone Gold Inc.
Copper Road Resources Inc., listed on the TSX Venture Exchange under the symbol CRD, is a Canadian exploration company focused on advancing copper and other critical mineral projects in Ontario, including its Ben Nevis Project. The company raises capital primarily through equity financings to fund exploration programs that qualify for favourable Canadian flow-through tax treatment, targeting investors interested in early-stage resource development opportunities.
Average Trading Volume: 185,890
Technical Sentiment Signal: Buy
Current Market Cap: C$3.25M
See more insights into CRD stock on TipRanks’ Stock Analysis page.