North Peak Resources Plans Private Placement

North Peak Resources (TSE:NPR) has released an update.

North Peak Resources Ltd. announces a non-brokered private placement aiming to raise up to CAD$2 million by offering common shares at CAD$0.90 each, with a potential to increase the total to CAD$2.3 million. The raised funds are intended for the exploration and development of the company’s mining assets, business growth, and general expenses. The offering is subject to regulatory approvals and a four-month hold period.

For further insights into TSE:NPR stock, check out TipRanks’ Stock Analysis page.