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The latest update is out from Forsys Metals ( (TSE:FSY) ).
Forsys Metals Corp. has completed a non-brokered private placement, raising C$5,005,000 through the issuance of 10,010,000 units, each comprising one common share and a warrant. Proceeds will fund the Norasa Uranium project in Namibia and general working capital. The placement was fully subscribed by company management and board members, making it a related party transaction. Post-placement, stakeholder Stefano Roma increased his ownership to 31.23% of the company, reflecting potential changes in shareholder dynamics.
More about Forsys Metals
Forsys Metals Corp. is a company operating in the metals industry, focusing primarily on the development of uranium projects. The company is engaged in advancing its Norasa Uranium project in Namibia, indicating a market focus on energy-related minerals.
YTD Price Performance: -35.00%
Average Trading Volume: 103,555
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$91.15M
For an in-depth examination of FSY stock, go to TipRanks’ Stock Analysis page.
