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Silk Road Energy ( (TSE:REC) ) has shared an update.
Record Resources Inc., a company listed on the TSX Venture Exchange, has provided clarification on its recent transactions involving mineral claims and a financing offering. The company corrected the number of mineral claims acquired at Paradis Bay, Ontario, from 27 to 21 and adjusted the cash component of the transaction from $50,000 to $65,000. Additionally, Record Resources confirmed the closure of its LIFE Offering, raising $40,000 through the issuance of 800,000 units. This offering included participation from a company director, constituting a related party transaction but exempt from certain regulatory requirements. The shares issued under this offering are subject to a four-month hold period for the director involved.
More about Silk Road Energy
Average Trading Volume: 681,429
Technical Sentiment Signal: Buy
Current Market Cap: C$6.26M
See more data about REC stock on TipRanks’ Stock Analysis page.