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Golden Age Exploration Ltd. ( (TSE:GDN) ) just unveiled an announcement.
Golden Age Exploration Ltd. has closed a non-brokered private placement, raising $255,000 through the issuance of 5.1 million units at $0.05 per unit, each comprising one common share and a transferable warrant exercisable at $0.065 for two years, to fund working capital, administration, exploration and evaluation expenditures, and other short-term investments. The financing included a related-party subscription of 1 million units by a company controlled by the president and director, which qualified for exemptions under applicable securities rules, and the company also reported the exercise of 200,000 management stock options at $0.10, resulting in the issuance of additional shares and modestly increasing insider ownership and the company’s cash position.
More about Golden Age Exploration Ltd.
Golden Age Exploration Ltd., listed on the Canadian Securities Exchange under the symbol GDN, operates in the mineral exploration sector, focusing on identifying and advancing early-stage exploration projects. The company deploys capital toward exploration and evaluation activities alongside general corporate and administrative functions to support its growth strategy.
Average Trading Volume: 251,000
Technical Sentiment Signal: Sell
See more insights into GDN stock on TipRanks’ Stock Analysis page.