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Inspiration Energy Raises $200,000 in Fully Subscribed Private Placement

Story Highlights
  • Inspiration Energy closed a fully subscribed $200,000 private placement financing.
  • Funds will support general working capital as the miner advances Canadian exploration projects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Inspiration Energy Raises $200,000 in Fully Subscribed Private Placement

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Rock Edge Resources Ltd. ( (TSE:ISP) ) has provided an announcement.

Inspiration Energy Corp., a Canadian mineral exploration company, concentrates on acquiring and developing mineral properties across Canada, seeking to advance projects with strong geological potential. The company has closed a fully subscribed non-brokered private placement, raising $200,000 through the issuance of 4,000,000 units at $0.05 per unit, each comprising one common share and one transferable warrant exercisable at $0.06 for 36 months, with proceeds earmarked for general working capital, no finders’ fees paid, and the new shares subject to a standard four-month-plus-one-day hold, modestly strengthening Inspiration’s balance sheet as it pursues its exploration objectives.

More about Rock Edge Resources Ltd.

Inspiration Energy Corp. is a Canadian mineral exploration company focused on acquiring and developing mineral property assets in Canada, with the objective of identifying and advancing properties of merit through exploration activities.

Average Trading Volume: 76,270

Technical Sentiment Signal: Sell

Current Market Cap: C$2.69M

Learn more about ISP stock on TipRanks’ Stock Analysis page.

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