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Kingsmen Resources ( (TSE:KNG) ) has issued an announcement.
Kingsmen Resources has successfully raised $4,151,250 through a non-brokered private placement, issuing 3,075,000 units at $1.35 per unit. 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 precious metals market.
More about Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its 100% held projects, the Las Coloradas silver/gold project and Almoloya gold/silver project located in the prolific mining district of Parral, Mexico. The company is headquartered in Vancouver, British Columbia, and holds a 1% NSR on the La Trini claims, part of the Los Ricos North project operated by GoGold Resources Inc.
Average Trading Volume: 38,636
Technical Sentiment Signal: Buy
Current Market Cap: C$43.58M
For an in-depth examination of KNG stock, go to TipRanks’ Overview page.