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An update from Copperhead Resources, Inc. ( (TSE:CUH) ) is now available.
Copperhead Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising $92,250 through the issuance of 1,230,000 common shares. The proceeds will be used for working capital, with insiders contributing $73,500 of the total. This move supports the company’s financial stability and ongoing exploration efforts, particularly for the Red Line Project, and highlights insider confidence in Copperhead’s strategic direction.
More about Copperhead Resources, Inc.
Copperhead Resources Inc. is a mineral resource company focused on acquiring and exploring mineral resource properties, with a primary objective to locate and develop precious metals. The company is initially concentrating on the Red Line Project in British Columbia, Canada, and holds an option to acquire a 75% interest in this project. Copperhead may also evaluate and acquire other mineral properties containing various metals and minerals in different geographical locations.
YTD Price Performance: -12.50%
Average Trading Volume: 195,317
Technical Sentiment Consensus Rating: Strong Buy
For detailed information about CUH stock, go to TipRanks’ Stock Analysis page.