Kingfisher Metals Closes Upsized Private Placement Raising C$1.89 Million

The latest update is out from Kingfisher Metals ( (TSE:KFR) ).

Kingfisher Metals Corp. has successfully closed an upsized non-brokered private placement, raising C$1,894,535 through the issuance of over 11 million units. This offering, driven by high demand, includes participation from several insiders and constitutes a related party transaction under MI 61-101 regulations. The funds raised will support Kingfisher’s ongoing operations and strategic initiatives in mineral exploration, potentially strengthening its market position and benefiting stakeholders.

More about Kingfisher Metals

Kingfisher Metals Corp. is a company involved in the mining industry, focusing on the exploration and development of mineral properties. The company’s market focus includes the identification and advancement of mineral resources.

YTD Price Performance: -15.00%

Average Trading Volume: 40,195

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$7.78M

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