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Cupani Metals ( (TSE:CUPA) ) has provided an update.
Cupani Metals Corp. announced the closing of its third tranche of a non-brokered private placement financing, raising a total of C$4.5 million. The funds will be used for the company’s Blue Lake/Retty Lake exploration project and general working capital. The offering involved the issuance of flow-through and hard dollar units, with proceeds earmarked for Canadian exploration expenses. The securities are subject to resale restrictions under Canadian securities laws.
The most recent analyst rating on (TSE:CUPA) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Cupani Metals stock, see the TSE:CUPA Stock Forecast page.
More about Cupani Metals
Cupani Metals Corp. is a company focused on providing shareholders with long-term capital growth through investments in mineral exploration properties and other assets. It is listed on the Canadian Securities Exchange under the symbol ‘CUPA’.
Average Trading Volume: 50,080
Technical Sentiment Signal: Buy
Current Market Cap: C$19.66M
Learn more about CUPA stock on TipRanks’ Stock Analysis page.