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Pacific Bay Minerals ( (TSE:PBM) ) has shared an announcement.
Pacific Bay Minerals Ltd. has announced a non-brokered private placement to raise $305,000 through the issuance of flow-through and non-flow-through units. The funds from the flow-through units will be allocated to explore critical minerals projects in British Columbia, while the non-flow-through unit proceeds will be used for general working capital. Additionally, the company has decided not to proceed with a previously announced $2 million financing related to the acquisition of the Pereira-Velho gold project in Brazil but remains committed to the acquisition, planning to seek alternative financing.
More about Pacific Bay Minerals
Pacific Bay Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in critical minerals projects in British Columbia and is working towards acquiring a gold project in Brazil.
Average Trading Volume: 20,401
Technical Sentiment Signal: Buy
Current Market Cap: C$2.83M
For a thorough assessment of PBM stock, go to TipRanks’ Stock Analysis page.