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Warrior Gold Inc ( (TSE:KLDC) ) has provided an announcement.
Kirkland Lake Discoveries Corp. has announced an increase in its private placement offering to $10 million due to strong investor demand. This upsizing will support the company’s exploration activities and general working capital. The offering includes flow-through shares and units, with proceeds used for Canadian exploration expenses and exploration projects. The involvement of notable investors like Eric Sprott and Rob McEwen highlights confidence in the company’s prospects. The offering’s closing is subject to customary approvals, and insider participation is expected, aligning with regulatory exemptions.
More about Warrior Gold Inc
Kirkland Lake Discoveries Corp. is engaged in exploration activities within the Kirkland Lake region of Ontario’s Abitibi Greenstone Belt, known for its rich mining history. The company focuses on gold and polymetallic VMS deposits, leveraging its 40,000-hectare portfolio to explore key fault zones and geophysical anomalies.
Average Trading Volume: 513,892
Technical Sentiment Signal: Buy
Current Market Cap: C$34.35M
Learn more about KLDC stock on TipRanks’ Stock Analysis page.