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Cupani Metals ( (TSE:CUPA) ) has provided an update.
Cupani Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising approximately $2.9 million. The funds will be utilized for the company’s Blue Lake/Retty Lake exploration project and general working capital. The offering included the issuance of flow-through units, charity flow-through units, and hard dollar units, with a significant insider purchase by CFO Bryan Loree. The company also granted stock options to a consultant, indicating ongoing investment in its operations.
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 by investing in mineral exploration properties and other assets. The company is listed on the Canadian Securities Exchange under the symbol ‘CUPA’.
Average Trading Volume: 51,720
Technical Sentiment Signal: Buy
Current Market Cap: C$17.87M
See more insights into CUPA stock on TipRanks’ Stock Analysis page.