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An announcement from Domestic Metals ( (TSE:DMCU) ) is now available.
Domestic Metals Corp. has successfully closed the third and final tranche of its LIFE Offering, raising a total of $3,962,198 through the issuance of 14,150,708 units. Each unit comprises one common share and one warrant, with the proceeds earmarked for general working capital and exploration and development costs. The offering included a related party transaction involving a director, and the company utilized exemptions under MI 61-101. This financial move is expected to bolster Domestic Metals’ exploration efforts and strengthen its position in the mineral exploration industry.
More about Domestic Metals
Domestic Metals Corp. is a mineral exploration company focused on discovering large-scale copper and gold deposits in historical mining project areas across the Americas. The company targets economically favorable grades indicated by historic drilling and outcrop sampling, with a strategic focus on the Smart Creek Project in Montana. Led by an experienced management and technical team, Domestic Metals aims to capitalize on geologically attractive mining jurisdictions.
Average Trading Volume: 39,920
Technical Sentiment Signal: Buy
Current Market Cap: C$9.4M
See more insights into DMCU stock on TipRanks’ Stock Analysis page.