Onyx Gold Completes $1M Private Placement

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.

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