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The latest update is out from Onyx Gold Corp. ( (TSE:ONYX) ).
Onyx Gold Corp. has announced an increase in its brokered financing to $18 million and a concurrent non-brokered financing of $5.6 million, priced at $2.43 per share. This move, involving strategic investors, is expected to raise a total of approximately $23.6 million, with the potential to reach $25.6 million if an additional option is exercised. The funds will be used for Canadian exploration expenses and general corporate purposes, enhancing Onyx’s operational capabilities and potentially strengthening its position in the mining industry. The offering is anticipated to close by October 2, 2025, subject to regulatory approvals.
More about Onyx Gold Corp.
Onyx Gold Corp. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily engaged in discovering and developing gold resources, with a market focus on strategic investments and growth in the mineral exploration sector.
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.