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The latest update is out from Quimbaya Gold Inc ( (TSE:QIM) ).
Quimbaya Gold Inc. has successfully closed the final tranche of its non-brokered private placement, raising a total of $2,793,104.30. This funding places the company in a positive working capital position, enabling it to advance its exploration projects in Colombia. The proceeds will primarily be used for exploration activities, and the company has also settled debts with certain creditors through the issuance of units. Additionally, Quimbaya has engaged a market maker to enhance its market presence.
More about Quimbaya Gold Inc
Quimbaya Gold Inc. is a company in the mining industry, focusing on the exploration and development of gold projects, particularly in Colombia. The company is engaged in discovering high-grade gold deposits and advancing its projects to the drilling phase.
Average Trading Volume: 65,067
Technical Sentiment Consensus Rating: Buy
See more insights into QIM stock on TipRanks’ Stock Analysis page.