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An announcement from Kingsmen Resources ( (TSE:KNG) ) is now available.
Kingsmen Resources announced it has received conditional approval from the TSX Venture Exchange for a private placement, with a revised warrant exercise price of $1.05 per share. The company is also a sponsor of the Resource Stock Digest website, paying a quarterly fee of US $10,000. These developments reflect Kingsmen’s strategic financial maneuvers to strengthen its market position and support its exploration activities, potentially impacting its stakeholders positively by enhancing its operational capabilities.
More about Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its Las Coloradas Project in the Parral mining district of Mexico. The project is known for its historic high-grade silver mine and potential for further precious metal deposits. Kingsmen also holds a 1% NSR on the Los Ricos North project operated by GoGold Resources Inc. The company is publicly traded and headquartered in Vancouver, British Columbia.
YTD Price Performance: 36.99%
Average Trading Volume: 48,987
Technical Sentiment Signal: Sell
Current Market Cap: C$24.75M
See more insights into KNG stock on TipRanks’ Stock Analysis page.