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Pinedale Energy ( (TSE:MCF) ) has shared an update.
MCF Energy Ltd. announced the closure of a $1.1 million non-brokered financing, issuing 21,990,000 units at $0.05 each. The proceeds will be used for working capital and general corporate purposes, with the financing subject to TSX Venture Exchange approval. This move supports MCF Energy’s strategic focus on strengthening its operational capabilities and expanding its presence in the European natural gas sector.
More about Pinedale Energy
MCF Energy, established in 2022, focuses on enhancing Europe’s energy security through responsible exploration and development of natural gas resources. The company holds interests in significant natural gas projects in Austria and Germany and is exploring further opportunities across Europe. MCF Energy aims to develop a cleaner, cheaper, and more secure natural gas industry as a transition to renewable energy sources.
Average Trading Volume: 361,864
Technical Sentiment Signal: Hold
Current Market Cap: C$14.24M
See more insights into MCF stock on TipRanks’ Stock Analysis page.