Fokus Mining Raises Funds for Gold Exploration

Fokus Mining Corporation (TSE:FKM) has released an update.

Fokus Mining Corporation successfully completed a non-brokered private placement, raising $150,000 through the issuance of 3 million units at $0.05 each, with proceeds aimed at bolstering general working capital. Each unit includes a share and a warrant, the latter allowing the purchase of an additional share at $0.06 within three years. The freshly garnered funds will support the exploration of the Galloway gold project in Quebec, where the company has already drilled 40 diamond holes.

For further insights into TSE:FKM stock, check out TipRanks’ Stock Analysis page.