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An announcement from Merida Minerals Holdings Inc ( (TSE:ESPN) ) is now available.
Hispania Resources Inc. has completed the second and final tranche of a non-brokered private placement, raising an additional $375,000 by issuing 15,000,000 units at $0.025 per unit. This brings the total funds raised to $875,000, which the company plans to use for its ongoing projects in Spain. The decision to close the offering was made to prevent unnecessary dilution, and no commissions or finder’s fees were paid. The transaction included a related party transaction with Rahim Allani, who increased his stake in the company.
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 copper and zinc project Otero, the formerly producing tin project Lumbrales, and the copper and zinc Puebla de la Reina project. The management team comprises industry veterans with extensive experience in mineral exploration and production.
Average Trading Volume: 107,341
Technical Sentiment Signal: Buy
Current Market Cap: C$7.02M
For an in-depth examination of ESPN stock, go to TipRanks’ Overview page.