Indigo Exploration Closes Over-Subscribed Private Placement

The latest announcement is out from Indigo Exploration ( (TSE:IXI) ).

Indigo Exploration Inc. has successfully closed an over-subscribed private placement financing, raising $1,325,444. The funds will be used for exploration work on its Hot Property uranium project in Wyoming and for general working capital. The offering included the issuance of 22,090,737 units, each comprising one common share and one share purchase warrant. The transaction involved a related party, with a director participating in the offering, and is subject to final approval by the TSX Venture Exchange.

More about Indigo Exploration

Indigo Exploration Inc. operates in the mineral exploration industry, focusing on uranium projects. The company is engaged in exploration work, particularly in the Shirley Basin of Wyoming, and is listed on the TSX Venture Exchange.

YTD Price Performance: 14.29%

Average Trading Volume: 59,993

Technical Sentiment Signal: Hold

Current Market Cap: C$2.66M

For a thorough assessment of IXI stock, go to TipRanks’ Stock Analysis page.