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Onyx Gold Corp. ( (TSE:ONYX) ) has issued an announcement.
Onyx Gold Corp. has announced a significant financial development involving a $3 million investment by a strategic international gold mining company and a $5 million bought deal financing. The strategic investor’s involvement will increase their stake to 9.9% of Onyx’s shares, while the funds raised will be used for exploration and corporate purposes, potentially enhancing Onyx’s market position and operational capabilities.
More about Onyx Gold Corp.
Onyx Gold Corp. operates in the mining industry, focusing on gold exploration and development. The company is engaged in projects located in Ontario and the Yukon, aiming to capitalize on the demand for critical mineral mining.
Average Trading Volume: 139,303
Technical Sentiment Signal: Buy
Current Market Cap: C$36.68M
For a thorough assessment of ONYX stock, go to TipRanks’ Stock Analysis page.