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iMetal Resources ( (TSE:IMR) ) has provided an announcement.
iMetal Resources Inc. has announced a non-brokered private placement offering of up to 4,000,000 flow-through units at $0.13 per unit, aiming to raise $520,000. The proceeds will be used for exploration activities at the Gowganda West Property in Ontario, which could enhance the company’s exploration capabilities and potentially impact its market positioning in the gold exploration sector.
More about iMetal Resources
iMetal Resources Inc. is a Canadian-based junior exploration company focused on exploring and developing its portfolio of resource properties in Ontario and Quebec. Its flagship property, Gowganda West, is an exploration-stage gold project located in the Abitibi Greenstone Gold Belt. The company also owns the Ghost Mountain property and the Carheil project, which have potential for multi-metal and graphite exploration.
Average Trading Volume: 103,218
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.98M
For an in-depth examination of IMR stock, go to TipRanks’ Overview page.