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Kingsmen Resources ( (TSE:KNG) ) has provided an update.
Kingsmen Resources has announced an increase in its non-brokered private placement due to strong demand, raising the total to $4,016,250. The funds will be used to advance its Las Coloradas Silver/Gold project in Mexico and for working capital, potentially enhancing its position in the mineral exploration industry.
More about Kingsmen Resources
Kingsmen Resources is a mineral exploration company headquartered in Vancouver, British Columbia, focusing on its 100% owned Las Coloradas and Almoloya silver/gold projects in the Parral mining district of Mexico. The company also holds a 1% NSR on the La Trini claims, part of the Los Ricos North project operated by GoGold Resources Inc.
Average Trading Volume: 36,822
Technical Sentiment Signal: Buy
Current Market Cap: C$38.01M
Learn more about KNG stock on TipRanks’ Stock Analysis page.