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Onyx Gold Corp. ( (TSE:ONYX) ) has provided an announcement.
Onyx Gold Corp. has successfully closed an $8 million financing deal through a private placement of flow-through shares, which will fund Canadian exploration expenses for its projects in Ontario and the Yukon. The company also announced an increase in its non-brokered private placement with strategic investors, aiming to raise a total of $5.39 million, which will support both exploration activities and general corporate purposes.
More about Onyx Gold Corp.
Onyx Gold Corp. operates in the mining industry, focusing on exploration and development projects primarily in Ontario and the Yukon. The company is engaged in the extraction and production of gold, positioning itself strategically within the Canadian mining sector.
Average Trading Volume: 165,338
Technical Sentiment Signal: Buy
Current Market Cap: C$61.75M
For a thorough assessment of ONYX stock, go to TipRanks’ Stock Analysis page.