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Treasury Metals ( (TSE:NEXG) ) has issued an update.
NexGold Mining Corp., a company involved in mining operations, has announced a C$110 million bought deal private placement of units and flow-through shares. The funds raised will primarily be used for the development of the Goldboro open-pit gold project and general corporate purposes. This move is expected to enhance the company’s operational capabilities and potentially improve its market positioning. The offering is subject to regulatory approvals and includes participation from insiders, constituting a related party transaction under Canadian securities regulations.
More about Treasury Metals
Average Trading Volume: 856,140
Technical Sentiment Signal: Buy
Current Market Cap: C$260.6M
For detailed information about NEXG stock, go to TipRanks’ Stock Analysis page.