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Record Resources Launches LIFE and Flow-Through Share Offerings

Story Highlights
  • Record Resources Inc. plans to raise up to $1,025,000 through LIFE and flow-through offerings.
  • Funds will support exploration activities, including a hydrogen soil-gas program and geophysical survey.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Record Resources Launches LIFE and Flow-Through Share Offerings

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Silk Road Energy ( (TSE:REC) ) has provided an announcement.

Record Resources Inc., a company listed on the TSX Venture Exchange, has announced a non-brokered LIFE offering and a separate non-brokered flow-through share offering to raise up to $1,025,000. The funds will be used for exploration and evaluation of the company’s properties, including a hydrogen soil-gas program and a geophysical survey to locate deep structures in the Precambrian basement. The offerings are expected to close by May 30, 2025, subject to necessary approvals.

More about Silk Road Energy

Average Trading Volume: 819,566

Technical Sentiment Signal: Buy

Current Market Cap: C$4.16M

Find detailed analytics on REC stock on TipRanks’ Stock Analysis page.

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