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Onyx Gold Corp. ( (TSE:ONYX) ) has shared an announcement.
Onyx Gold Corp. has announced a $15 million bought deal financing agreement with Cormark Securities Inc. and Canaccord Genuity Corp. as co-lead underwriters. The financing involves issuing flow-through shares and common shares, with proceeds directed towards Canadian exploration expenses and general corporate purposes. This strategic move is expected to bolster Onyx’s exploration activities in Ontario and enhance its market position in the mining industry.
More about Onyx Gold Corp.
Onyx Gold Corp. is a Canadian exploration company focused on established mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company holds a 100% interest in a district-scale portfolio in Timmins, covering more than 443 km² across three projects.
Average Trading Volume: 151,989
Technical Sentiment Signal: Buy
Current Market Cap: C$113.4M
See more insights into ONYX stock on TipRanks’ Stock Analysis page.