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GSP Resource ( (TSE:GSPR) ) has issued an update.
GSP Resource Corp. has successfully closed an over-subscribed non-brokered private placement, raising $525,000 through the issuance of 5,250,000 units. The funds will be directed towards exploration and development of the Alwin Mine Copper-Silver-Gold Project and the Mer Claims, as well as for corporate expenses and general working capital. The participation of company insiders in the private placement was managed under exemptions from certain regulatory requirements, and the transaction reflects strategic financial positioning to enhance project development.
More about GSP Resource
GSP Resource Corp. is a mineral exploration and development company focused on projects in Southwestern British Columbia. The company holds a 100% interest in the Alwin Mine and Mer Properties in the Kamloops Mining Division and the Olivine Mountain Property in the Similkameen Mining Division, with an option granted to a third party for a 60% interest.
YTD Price Performance: -56.25%
Average Trading Volume: 6,573
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.46M
Find detailed analytics on GSPR stock on TipRanks’ Stock Analysis page.