Ramp Metals Inc (TSE:RAMP) has released an update.
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Ramp Metals Inc. successfully completed an oversubscribed private placement, raising $4.9 million led by prominent investors Eric Sprott and EarthLabs. The funds will support the next drilling phase at its flagship Rottenstone SW property in Saskatchewan, with proceeds allocated to exploration expenses and general working capital. The company has reinforced its financial position without paying any finder’s fees and all securities issued will adhere to a holding period until December 2024.
For further insights into TSE:RAMP stock, check out TipRanks’ Stock Analysis page.
