Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
EDM Resources Inc ( (TSE:EDM) ) just unveiled an update.
EDM Resources Inc. has successfully closed a non-brokered private placement financing, raising C$1 million. The funds will be used for environmental work at the Scotia Mine and general working capital. The financing involved issuing units at C$0.11 each, with each unit comprising one common share and a warrant. Insiders participated in the offering, which is considered a related party transaction. The company also compensated brokers with cash and broker warrants for their assistance.
More about EDM Resources Inc
EDM Resources Inc. is a Canadian exploration and mining company that fully owns the Scotia Mine and related facilities near Halifax, Nova Scotia. The company also holds several prospective exploration licenses in the surrounding regions of Nova Scotia. Its common shares are traded on the TSX Venture Exchange and the Frankfurt Exchange.
Average Trading Volume: 65,888
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.7M
For a thorough assessment of EDM stock, go to TipRanks’ Stock Analysis page.