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Norseman Capital ( (TSE:FTZ) ) has provided an announcement.
Fitzroy Minerals Inc., a company involved in mineral exploration, has successfully closed the first tranche of its non-brokered LIFE Offering, raising approximately $5 million through the issuance of 16,666,667 common shares at $0.30 each. This funding, primarily backed by the Tribeca Global Natural Resources Fund, is part of a larger plan to raise up to $12 million to support exploration activities at the Buen Retiro and Caballos projects, as well as general corporate purposes. The company also plans a concurrent offering to raise an additional $1 million, with all transactions subject to regulatory approval and certain conditions.
More about Norseman Capital
Average Trading Volume: 235,907
Technical Sentiment Signal: Buy
Current Market Cap: C$76.27M
Find detailed analytics on FTZ stock on TipRanks’ Stock Analysis page.