Onyx Gold Completes Lucrative Private Placement

Onyx Gold Corp. (TSE:ONYX) has released an update.

Onyx Gold Corp. has successfully completed the final tranche of a non-brokered private placement, raising $1,507,849 for exploration activities in Ontario, with the proceeds set to fund ‘Canadian Exploration Expenses.’ The company issued both premium and traditional flow-through shares, which will carry tax incentives for initial purchasers, while adhering to Canadian securities regulations. The capital raised will support Onyx’s exploration projects, with a promise to renounce certain expenses to shareholders, enhancing the appeal for investors interested in mining and exploration ventures.

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