Red Metal Resources Ltd. (TSE:RMES) has released an update.
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Red Metal Resources Ltd. successfully closed the first tranche of a private placement offering on June 19, 2024, issuing 1.2 million common shares at $0.05 each, raising $60,000, with plans to close a second tranche soon. Additionally, the company settled over $629,000 in debt by issuing roughly 12.6 million common shares at the same price. These moves are aimed to bolster the company’s working capital and overall financial position.
For further insights into TSE:RMES stock, check out TipRanks’ Stock Analysis page.
