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Pacific Bay Minerals ( (TSE:PBM) ) has provided an update.
Pacific Bay Minerals Ltd. has announced a $2 million private placement to fund the exploration and acquisition of the Pereira-Velho Gold Project in Brazil. The offering involves the issuance of units consisting of common shares and warrants, with the proceeds also supporting exploration in Canada and general working capital. Additionally, the company plans to extend the expiry of existing warrants, subject to regulatory approval, which could impact investor engagement and financial strategy.
More about Pacific Bay Minerals
Pacific Bay Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in gold exploration projects and is currently advancing the Pereira-Velho Gold Project in Brazil.
Average Trading Volume: 26,353
Technical Sentiment Signal: Buy
Current Market Cap: C$4.95M
For an in-depth examination of PBM stock, go to TipRanks’ Overview page.