Onyx Gold Corp. (TSE:ONYX) has released an update.
Onyx Gold Corp. has successfully completed the first tranche of its private placement, raising over $1 million through the sale of premium flow-through shares at $0.27 each. These funds are earmarked for exploration activities in Ontario, with the specific aim of qualifying as Canadian Exploration Expenses. The offering, still pending TSX Venture Exchange approval, includes a related party transaction exempt from certain regulatory requirements.
For further insights into TSE:ONYX stock, check out TipRanks’ Stock Analysis page.
