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The latest announcement is out from Red Canyon Resources Ltd. ( (TSE:REDC) ).
Red Canyon Resources Ltd. announced the closing of the first tranche of a non-brokered private placement, raising $1,500,440 through the issuance of 9,377,750 units. The funds will be used for exploration activities in the western United States and British Columbia, as well as for general working capital. The participation of insiders in the offering is a related party transaction, but it falls below the threshold requiring formal valuation or minority shareholder approval. The company plans to close a second tranche shortly.
More about Red Canyon Resources Ltd.
Red Canyon Resources Ltd. is a mineral exploration company focused on discovering copper and copper-gold porphyry deposits in North America’s top copper jurisdictions. The company is part of the NewQuest Capital Group and has a team of experienced geoscientists dedicated to impactful copper discoveries.
YTD Price Performance: 3.33%
Average Trading Volume: 33,441
Technical Sentiment Signal: Buy
Current Market Cap: C$5.29M
See more data about REDC stock on TipRanks’ Stock Analysis page.
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