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The latest update is out from Onyx Gold Corp. ( (TSE:ONYX) ).
Onyx Gold Corp. has successfully closed the first tranche of a $3 million non-brokered private placement with a strategic investor, issuing 3,490,343 common shares at $0.85 per share. The proceeds will be used for general corporate purposes, and the transaction awaits final approval from the TSX Venture Exchange. This investment is expected to support Onyx Gold’s exploration activities and strengthen its position in the Canadian mining industry.
More about Onyx Gold Corp.
Onyx Gold is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company has a portfolio of quality gold projects, including the Munro-Croesus Gold property known for its high-grade mineralization, as well as other exploration properties in the Timmins gold camp and the Selwyn Basin area of Yukon Territory. Onyx Gold aims to create shareholder value through discovery, capital allocation, and responsible exploration.
Average Trading Volume: 164,222
Technical Sentiment Signal: Buy
Current Market Cap: C$60.82M
For an in-depth examination of ONYX stock, go to TipRanks’ Stock Analysis page.