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Northwest Copper ( (TSE:NWST) ) has issued an announcement.
NorthWest Copper Corp. announced a non-brokered private placement financing to raise up to $500,000 through the issuance of 2,500,000 units at $0.20 per unit. The proceeds will be used for general working capital, and the placement is subject to TSX Venture Exchange approval. The involvement of company insiders in the transaction is considered a related party transaction, but exemptions will be applied due to the fair market value being below 25% of the company’s market capitalization. This move is expected to support NorthWest Copper’s operations and enhance its positioning in the copper and gold exploration industry.
More about Northwest Copper
NorthWest Copper is a copper and gold exploration and development company with a range of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv. The company is strategically positioned to capitalize on the strengthening global copper and gold markets, and is committed to responsible mineral exploration in collaboration with First Nations.
Average Trading Volume: 68,721
Technical Sentiment Signal: Sell
Current Market Cap: C$44.86M
For an in-depth examination of NWST stock, go to TipRanks’ Stock Analysis page.