Magna Terra Minerals Inc ( (TSE:MTT) ) has issued an update.
Magna Terra Minerals Inc. announced the initial closing of its flow-through private placement, raising $227,000 of the anticipated $500,000. The funds will be used for exploration expenses related to its Humber and Rocky Brook projects. Insider Michael Gentile increased his holdings through this placement, which is considered a related party transaction but is exempt from certain regulatory requirements. The company plans a second closing and awaits TSX Venture Exchange approval.
More about Magna Terra Minerals Inc
Magna Terra Minerals Inc. is a Toronto-based exploration company specializing in precious and critical metals. It focuses on acquiring and advancing high-potential mineral projects in Atlantic Canada and Argentina, and operates with an aim to create value for shareholders while minimizing dilution through strategic partnerships.
YTD Price Performance: 75.00%
Average Trading Volume: 233,927
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$5.99M
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