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Intrepid Metals Closes $5 Million Private Placement and Amends Cave Creek Agreement

Story Highlights
  • Intrepid Metals closed an oversubscribed $5 million private placement for exploration funding.
  • The company amended its agreement with Cave Creek to extend payment deadlines.
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Intrepid Metals Closes $5 Million Private Placement and Amends Cave Creek Agreement

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Voleo Trading Systems Inc ( (TSE:INTR) ) has shared an update.

Intrepid Metals Corp., a company involved in mineral exploration, has successfully closed an oversubscribed $5 million private placement. The funds will be used for exploration expenditures on its mineral properties, including the Corral Copper Project, and for general working capital. The offering included the issuance of units consisting of common shares and warrants, with certain directors participating as related parties. Additionally, Intrepid has amended its agreement with Cave Creek Copper Inc. to extend cash payment deadlines, reflecting strategic moves to strengthen its asset base.

More about Voleo Trading Systems Inc

YTD Price Performance: 35.21%

Average Trading Volume: 98,476

Technical Sentiment Signal: Sell

Current Market Cap: C$23.58M

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

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