Indigo Exploration Announces Share Consolidation and Private Placement

Indigo Exploration ( (TSE:IXI) ) just unveiled an update.

Indigo Exploration Inc. has announced a consolidation of its common shares on a 2-for-1 basis, aiming to enhance its strategic flexibility in pursuing financing opportunities and business acquisitions. Concurrently, the company is initiating a non-brokered private placement to raise up to $1.2 million, which will be used for exploration activities on its uranium project in Wyoming and for general working capital.

More about Indigo Exploration

Indigo Exploration Inc. operates in the mineral exploration industry, focusing on projects primarily related to uranium. The company is engaged in the exploration and development of mineral properties, with a notable project located in the Shirley Basin of Wyoming.

YTD Price Performance: -12.50%

Average Trading Volume: 104,733

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$2.66M

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