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KAPA Gold Inc ( (TSE:KAPA) ) has provided an update.
Kapa Gold Inc. has announced the successful exercise of 3,552,600 warrants at a price of $0.20, resulting in total proceeds of $710,520. These funds will be used for general administrative and working capital purposes. This development follows the amendment of the exercise price and expiry date of the warrants issued in a private placement in May 2022. The move reinforces Kapa Gold’s financial position and supports its ongoing exploration and development efforts at its flagship Blackhawk Gold Project, which is focused on sustainable extraction strategies in a historically rich mining district.
More about KAPA Gold Inc
Kapa Gold Inc. is a Canadian exploration company focused on advancing its portfolio of high-potential gold projects in North America. The company’s flagship project, the Blackhawk Gold Property, is located in California’s historic Blackhawk Mining District, known for its gold and silver production. Kapa Gold aims to deliver significant shareholder value through strategic exploration and development initiatives, with a commitment to responsible mining and sustainable growth.
Average Trading Volume: 186,459
Technical Sentiment Signal: Buy
Current Market Cap: C$18.68M
Learn more about KAPA stock on TipRanks’ Stock Analysis page.