Probe Metals ( (TSE:PRB) ) has shared an update.
Probe Gold Inc. has announced an increase in its bought deal private placement to $45.275 million due to strong investor demand. The proceeds will be used to advance the Novador Gold project and explore other properties in Québec, with the offering expected to close by April 9, 2025, pending regulatory approvals. This move highlights Probe’s strategic focus on expanding its gold exploration and development activities in Québec, potentially enhancing its market position and offering growth opportunities for stakeholders.
More about Probe Metals
Probe Gold Inc. is a Canadian company specializing in the acquisition, exploration, and development of gold properties. The company is well-funded and focuses on high-quality gold projects, notably owning the multimillion-ounce Novador Gold Project and the early-stage Detour Gold Québec project. Probe controls a significant land package within prolific gold belts in Québec.
YTD Price Performance: 15.03%
Average Trading Volume: 134,864
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$362.6M
Learn more about PRB stock on TipRanks’ Stock Analysis page.