KWG Resources (TSE:CACR) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
KWG Resources Inc., also known as The Canadian Chrome Company, has successfully closed the second tranche of its private placement, totaling $1,012,000 in convertible debentures, and cumulatively reaching $2,500,150. The company offered a 20% premium through unit issuance and plans to use the proceeds to fund its chrome acquisition and development projects. The debentures, bearing 5% annual interest, are repayable or convertible into multiple-voting shares before the maturity date of March 31, 2028.
For further insights into TSE:CACR stock, check out TipRanks’ Stock Analysis page.