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An update from Magnum Goldcorp ( (TSE:MGI) ) is now available.
Magnum Goldcorp Inc. has announced a non-brokered private placement to raise up to $150,000 through the issuance of 3,000,000 units at $0.05 per unit. Each unit includes one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $0.20 over two years. The funds raised are intended for general working capital purposes, and insiders may participate in the offering. This move is expected to bolster Magnum’s financial position, potentially enhancing its operational capabilities and market presence.
More about Magnum Goldcorp
Magnum Goldcorp Inc. operates in the mining industry, focusing on the exploration and development of gold properties. The company is publicly traded on the TSX Venture Exchange under the symbol MGI.
Average Trading Volume: 11,421
Technical Sentiment Signal: Sell
Current Market Cap: C$337.9K
Find detailed analytics on MGI stock on TipRanks’ Stock Analysis page.