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An announcement from Pinedale Energy ( (TSE:MCF) ) is now available.
MCF Energy Ltd. has announced an increase in its non-brokered financing from $500,000 to $1.2 million, consisting of 24 million units priced at $0.05 each. This move is aimed at bolstering working capital and supporting general corporate purposes, subject to TSX Venture Exchange approval. The financing reflects MCF Energy’s strategic efforts to strengthen its financial position and support its ongoing projects in the European natural gas sector.
More about Pinedale Energy
MCF Energy, established in 2022, focuses on enhancing Europe’s energy security through the exploration and development of natural gas resources. The company has interests in significant natural gas projects in Austria and Germany and is evaluating further opportunities across Europe. MCF Energy aims to develop a cleaner and more secure natural gas industry as a transition to renewable energy sources.
Average Trading Volume: 249,507
Technical Sentiment Signal: Hold
Current Market Cap: C$12.95M
See more insights into MCF stock on TipRanks’ Stock Analysis page.