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Gencan Capital ( ($TSE:GCA.X) ) has issued an update.
Gencan Capital Inc., listed on the Canadian Securities Exchange under symbol GCA.X, has completed a non-brokered private placement of 500,000 common shares at C$0.08 per share, raising gross proceeds of C$40,000. The shares, which carry a four-month-plus-one-day statutory hold period under Canadian securities laws and were sold without paying any finder’s fees, will provide additional liquidity for general working capital and corporate purposes, modestly strengthening the company’s balance sheet and financial flexibility for near-term operations.
More about Gencan Capital
Average Trading Volume: 52,031
Technical Sentiment Signal: Buy
Current Market Cap: C$1.74M
For an in-depth examination of GCA.X stock, go to TipRanks’ Overview page.