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The latest update is out from Onyx Gold Corp. ( (TSE:ONYX) ).
Onyx Gold Corp. has successfully closed a brokered financing deal, raising approximately $20 million through a combination of flow-through and non-flow-through shares. The proceeds will be used for exploration activities in Ontario and general corporate purposes, enhancing the company’s operational capabilities and market positioning.
More about Onyx Gold Corp.
Onyx Gold Corp. operates in the mining industry, focusing on exploration and development of mineral properties. The company is involved in projects primarily located in Ontario, Canada, and aims to leverage flow-through shares to fund its exploration activities.
Average Trading Volume: 135,948
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$121.7M
For detailed information about ONYX stock, go to TipRanks’ Stock Analysis page.