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Forge Resources Announces Director Resignation and New Private Placement

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Forge Resources Announces Director Resignation and New Private Placement

Confident Investing Starts Here:

An announcement from Forge Resources ( (TSE:FRG) ) is now available.

Forge Resources Corp. announced the resignation of Greg Bronson from its Board of Directors as he transitions into retirement. Additionally, the company is initiating a non-brokered flow-through private placement to raise up to $1,000,000, which will be used for exploration expenses at the Alotta Project in Yukon. This strategic move is expected to bolster Forge Resources’ operational capabilities and enhance its exploration activities, potentially impacting its market positioning positively.

More about Forge Resources

Forge Resources Corp. is a Canadian-listed junior exploration company with a 60% interest in Aion Mining Corp., which is developing the La Estrella coal project in Colombia. The company also holds an option on the Alotta project, a copper-gold-molybdenum project in the Yukon Territory, Canada.

Average Trading Volume: 131,041

Technical Sentiment Signal: Buy

Current Market Cap: C$65.56M

See more insights into FRG stock on TipRanks’ Stock Analysis page.

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