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Highway 50 Gold ( (TSE:HWY) ) has issued an update.
Highway 50 Gold Corp. has successfully completed the first tranche of its non-brokered private placement, raising $3,416,600 through the issuance of 11,388,667 units. The funds will be allocated towards claim maintenance, a drill program at the Gold Knob project, and general working capital. The offering, which includes participation from director John Leask, signifies a related party transaction but was approved by the board. This financial move is expected to bolster the company’s exploration activities and strengthen its position in the mineral exploration industry.
More about Highway 50 Gold
Highway 50 Gold Corp. is a mineral exploration stage company led by experienced explorers and mine finders. The company focuses on exploration projects in Nevada, leveraging over 35 years of experience and breakthroughs in understanding the region’s crustal architecture.
Average Trading Volume: 17,458
Technical Sentiment Signal: Buy
Current Market Cap: C$10.48M
Learn more about HWY stock on TipRanks’ Stock Analysis page.