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The latest announcement is out from Silk Road Energy ( (TSE:REC) ).
Record Resources, a company listed on the TSX Venture Exchange, has announced the closure of the first tranche of its new LIFE financing, raising $40,000 through the issuance of 800,000 units. Each unit consists of one common share and one share purchase warrant, with the proceeds intended for exploration and general working capital. The offering, which aims to raise up to $525,000, is structured to leverage the listed issuer financing exemption, allowing the securities to be freely tradeable without a hold period. Additionally, the company has decided not to pursue the option agreement for the Lorrain hydrogen property.
More about Silk Road Energy
Average Trading Volume: 250,583
Technical Sentiment Signal: Sell
Current Market Cap: C$2.83M
For an in-depth examination of REC stock, go to TipRanks’ Overview page.