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An update from Corcel Exploration, Inc. ( (TSE:CRCL) ) is now available.
Corcel Exploration Inc. has successfully closed an over-subscribed non-brokered private placement, raising CAD$1,434,000 through the issuance of 9,560,000 units. Each unit consists of one common share and one share purchase warrant, with the proceeds intended for exploration and working capital. The participation of insiders in the offering was classified as a related party transaction, but exemptions were applied under Multilateral Instrument 61-101. The completion of this financing round is expected to bolster Corcel’s exploration activities and strengthen its financial position.
More about Corcel Exploration, Inc.
Corcel Exploration Inc. is a mineral resource company focused on the acquisition and exploration of precious and base metals properties across North America. The company has a long-term lease agreement for the Yuma King Copper-Gold project in Arizona and holds interests in the Peak gold exploration project and the Willow copper project.
YTD Price Performance: 6.45%
Average Trading Volume: 47,393
Technical Sentiment Signal: Sell
Learn more about CRCL stock on TipRanks’ Stock Analysis page.