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The latest update is out from Essex Minerals ( (TSE:OPTG) ).
Optegra Ventures Inc. has provided an update on its ongoing non-brokered private placement, under which it plans to issue 20,000,000 units at $0.075 per unit, each unit consisting of one common share and one transferable warrant exercisable at $0.10 for five years. The financing, which includes a 7% cash finder’s fee on a portion of the placement and remains subject to TSX Venture Exchange approval, is expected to bolster the company’s capital position and support its strategic initiatives, while highlighting its reliance on equity markets in a volatile financing environment for small-cap venture issuers.
More about Essex Minerals
Optegra Ventures Inc., listed on the TSX Venture Exchange under the symbol OPTG, is a Vancouver-based public company active in the venture and resource investment space, using equity financings to support its corporate and project development strategies.
Average Trading Volume: 3,996
Technical Sentiment Signal: Sell
Current Market Cap: C$154.3K
Learn more about OPTG stock on TipRanks’ Stock Analysis page.