Goldflare Exploration Inc (TSE:GOFL) has released an update.
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Goldflare Exploration Inc. has experienced a higher than expected subscription rate for its latest placement offerings, leading to increased anticipated gross proceeds. The first placement is now set to generate $150,000, while the second placement is estimated to bring in $200,000, with both offerings comprising 10,000,000 units each. The raised capital will support the company’s working capital requirements and exploration expenses, with a closing date projected for July 12th, 2024, pending regulatory approvals.
For further insights into TSE:GOFL stock, check out TipRanks’ Stock Analysis page.