Denarius Metals Corp (TSE:DMET) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Denarius Metals Corp. is set to raise up to CA$8.25 million through a non-brokered private placement of 15 million common shares, priced at CA$0.55 per share. The funds are earmarked for the company’s Zancudo Project in Colombia and Aguablanca Project in Spain, with participation anticipated from certain insiders. This move aims to strengthen Denarius Metals’ position in the mining sector, pending shareholder and regulatory approvals.
For further insights into TSE:DMET stock, check out TipRanks’ Stock Analysis page.