Quartz Mountain Resources (TSE:QZM) has released an update.
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Quartz Mountain Resources Ltd. is set to bolster its financial position by raising $3.26 million through the private issuance of 9.3 million shares, with The Sutton Group Inc. becoming a significant stakeholder by acquiring a 25.8% share. The funds will primarily support the exploration of the company’s copper-gold-silver projects in British Columbia. This strategic move excludes U.S. investors and will be conducted without paying any commissions.
For further insights into TSE:QZM stock, check out TipRanks’ Stock Analysis page.