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The latest update is out from GoldON Resources ( (TSE:GLD) ).
GoldON Resources Ltd. has successfully closed the first $250,000 tranche of its non-brokered private placement financing, issuing 10,000,000 units at $0.025 per unit. The proceeds will primarily fund work at its Slate Falls Gold-Silver Property, with the remainder allocated for general working capital, investor relations, and payments to non-arm’s length parties. This financing is subject to TSX Venture Exchange acceptance and could impact the company’s operational capacity and market positioning by providing necessary funds for exploration and development activities.
More about GoldON Resources
GoldON Resources Ltd. is a mineral exploration company focused on discovery-stage properties. The company aims to add value by defining or redefining exploration opportunities, maintaining ownership control during the discovery phase, and then partnering with well-financed entities to accelerate discovery, resource definition, and development.
YTD Price Performance: -25.00%
Average Trading Volume: 143,807
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1.4M
See more insights into GLD stock on TipRanks’ Stock Analysis page.