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The latest update is out from Hm Exploration Corp. ( (TSE:HM) ).
HM Exploration Corp. announced the closing of its non-brokered private placement, raising gross proceeds of $998,979.85 through the issuance of 9,081,635 units. The funds will be used for exploration and general working capital. The transaction involved insider participation but did not require a material change report due to exemptions under Multilateral Instrument 61-101. The securities are subject to a statutory hold period and are not registered under the U.S. Securities Act.
More about Hm Exploration Corp.
HM Exploration Corp. is a Canadian mineral exploration company focused on acquiring and developing mineral projects in Canada. The company is advancing the Devil’s Den Project on Vancouver Island, British Columbia, and has an option agreement for the Pilley’s Island Copper Project in Newfoundland, which hosts high-grade Volcanogenic Massive Sulfide systems.
Average Trading Volume: 21,438
Technical Sentiment Signal: Strong Buy
See more data about HM stock on TipRanks’ Stock Analysis page.