Phenom Resources Completes Second Tranche of Private Placement

The latest update is out from Phenom Resources Corp ( (TSE:PHNM) ).

Phenom Resources Corp has successfully closed the second tranche of its non-brokered private placement, raising $125,000 through the issuance of 500,000 units. Each unit includes a common share and a warrant, allowing the purchase of an additional share at a set price until 2028. This financing move is part of Phenom’s strategy to bolster its financial position and support its ongoing operations, reflecting its commitment to growth and expansion in the resource sector.

More about Phenom Resources Corp

Phenom Resources Corp is a company involved in the resource industry, primarily focusing on the exploration and development of mineral properties. The company is listed on the TSX Venture Exchange and other international markets, indicating a focus on expanding its market reach and investor base.

YTD Price Performance: -16.13%

Average Trading Volume: 80,946

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$29.01M

For detailed information about PHNM stock, go to TipRanks’ Stock Analysis page.