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Highway 50 Gold ( (TSE:HWY) ) has provided an update.
Highway 50 Gold Corp. has completed an upsized non-brokered private placement, raising gross proceeds of $2.414 million through the issuance of 6,035,000 units priced at $0.40, each comprising one common share and a one-year warrant exercisable at $0.50. The financing, which remains subject to final TSX Venture Exchange acceptance and includes a four-month hold on securities and payment of finder’s fees, will fund a drill program at the company’s Gold Knob project and support general working capital, potentially advancing its exploration efforts and strengthening its project pipeline in Nevada.
More about Highway 50 Gold
Highway 50 Gold Corp. is a mineral exploration-stage company focused on projects in Nevada. Led by a team of experienced explorers and mine finders, the company is pursuing an exploration strategy based on what management views as advances in understanding the crustal architecture of north-central Nevada, a key gold-producing region.
Average Trading Volume: 38,124
Technical Sentiment Signal: Buy
Current Market Cap: C$18.44M
Find detailed analytics on HWY stock on TipRanks’ Stock Analysis page.