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Hm Exploration Corp. ( (TSE:HM) ) has provided an announcement.
HM Exploration Corp. has announced a non-brokered private placement of up to 3,333,334 units at $0.18 per unit to raise as much as $600,000.12, with each unit comprising one common share and one-half of a transferable warrant exercisable at $0.25 for three years. The financing, subject to a four-month-plus-one-day hold period and potential finders’ fees, is aimed at funding exploration on the company’s Canadian mineral properties and providing general working capital, underpinning its efforts to advance projects such as Devil’s Den in British Columbia and the Pilley’s Island copper project in Newfoundland, and potentially strengthening its position in the junior mining exploration space.
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, an exploration-stage asset with undrilled high-grade surface occurrences across two contiguous claims totaling about 3,200 hectares, and holds an option to acquire the Pilley’s Island copper project in Newfoundland, which hosts volcanogenic massive sulphide systems with high-grade zinc-lead-copper-silver intersections.
Average Trading Volume: 20,026
Technical Sentiment Signal: Strong Buy
For an in-depth examination of HM stock, go to TipRanks’ Overview page.