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The latest update is out from Gunpoint Exploration ( (TSE:GUN) ).
Gunpoint Exploration Ltd. has successfully closed a non-brokered private placement, raising $3.35 million through the sale of 8,375,000 units. The proceeds will be used for the exploration and development of the Talapoosa gold-silver project and for corporate purposes. This financing round involved significant participation from the company’s directors and officers, including Chairman and CEO Randy Reifel, who increased his stake in the company. The transaction is classified as a ‘related party transaction’ under Canadian securities regulations, but the company was exempt from certain requirements, allowing for a swift completion of the offering.
More about Gunpoint Exploration
Gunpoint Exploration Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in gold and silver projects, with a significant focus on the Talapoosa project located in the Walker Lane Trend in Nevada.
Average Trading Volume: 29,298
Technical Sentiment Signal: Buy
Current Market Cap: C$28.27M
For a thorough assessment of GUN stock, go to TipRanks’ Stock Analysis page.