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Metallis Resources ( (TSE:MTS) ) just unveiled an announcement.
Metallis Resources Inc. has increased its non-brokered private placement from $1.35 million to $1.7 million due to high demand, offering 10.625 million units at $0.16 per unit. The proceeds will fund exploration at the Kirkham and Greyhound Properties and general corporate purposes, with the offering expected to close next week, pending regulatory approvals.
More about Metallis Resources
Metallis Resources Inc. is a Vancouver-based company engaged in the exploration of gold, copper, and silver. It operates primarily on its 100%-owned Kirkham Property in British Columbia’s Golden Triangle and the recently acquired Greyhound Property in Idaho, USA. The company is listed on the TSX Venture Exchange, OTCQB Exchange, and Frankfurt Stock Exchange.
Average Trading Volume: 53,423
Technical Sentiment Signal: Sell
Current Market Cap: C$13.4M
Learn more about MTS stock on TipRanks’ Stock Analysis page.