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Warrior Gold Inc ( (TSE:KLDC) ) just unveiled an update.
Kirkland Lake Discoveries Corp. has announced a $7 million non-brokered private placement, with $6 million secured from lead orders by prominent investors including Eric Sprott, Rob McEwen, and Crescat Capital. The funds will be used for exploration activities and general working capital, with the offering subject to customary approvals and a statutory hold period. The participation of insiders in the offering constitutes a related party transaction, but exemptions from certain requirements are being relied upon to expedite the process.
More about Warrior Gold Inc
Kirkland Lake Discoveries Corp. is involved in the mining industry, focusing on exploration within the Kirkland Lake region of Ontario’s Abitibi Greenstone Belt. The company holds a 40,000-hectare exploration portfolio in one of the world’s most prolific mining districts, targeting gold and polymetallic VMS deposits through key fault zones and geophysical anomalies.
Average Trading Volume: 503,521
Technical Sentiment Signal: Buy
Current Market Cap: C$28.15M
See more data about KLDC stock on TipRanks’ Stock Analysis page.