TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Merida Minerals Holdings Inc ( (TSE:ESPN) ) just unveiled an announcement.
Hispania Resources Inc. announced a proposed non-brokered private placement to raise up to $1,000,000 through the issuance of 40,000,000 units. Each unit includes a common share and a warrant, with proceeds intended for exploratory work on the company’s mining assets and general expenses. The participation of insiders in the offering is considered a related party transaction but falls within regulatory exemptions. The offering’s completion is contingent on receiving necessary approvals, including from the TSXV, and the issued securities will have a statutory hold period.
More about Merida Minerals Holdings Inc
Hispania Resources Inc is a mineral exploration company focused on mining opportunities in Spain. The company is developing three core assets: the Otero copper and zinc project, the Lumbrales tin project, and the Puebla de la Reina copper and zinc project. The management team has extensive experience in mineral exploration and production, particularly in Spain, where they have been instrumental in founding and building successful mining ventures.
Average Trading Volume: 33,565
Technical Sentiment Signal: Sell
Current Market Cap: C$1.46M
For detailed information about ESPN stock, go to TipRanks’ Stock Analysis page.