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iMetal Resources ( (TSE:IMR) ) has provided an update.
iMetal Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising $1,525,330. The funds will be used for further exploration of its properties and potential new acquisitions. The company plans to complete a further tranche to raise up to $5,000,000, with the next portion priced at $0.105 per Unit. Additionally, iMetal has granted stock options and restricted share units to directors, officers, and consultants, indicating a strategic move to incentivize key personnel.
More about iMetal Resources
iMetal Resources Inc. is a Canadian-based junior exploration company focused on the exploration and development of resource properties in Ontario and Quebec. Its flagship property, Gowganda West, is an exploration-stage gold project located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt. The company also has the Ghost Mountain property near Kirkland Lake and the Carheil project in the Northern Abitibi Greenstone Belt, which has multi-metal potential.
Average Trading Volume: 53,179
Technical Sentiment Signal: Sell
Current Market Cap: C$1.41M
For an in-depth examination of IMR stock, go to TipRanks’ Overview page.