Relevant Gold Corp. (TSE:RGC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Relevant Gold Corp. has successfully completed the first tranche of its non-brokered private placement, raising $1.45 million by issuing over 5.7 million units at $0.25 each, with each unit comprising a share and a half-warrant. The funds are earmarked for exploration activities in Wyoming and general capital needs, with a subsequent tranche expected to finalize by early July. Notably, company insiders also invested, purchasing 552,800 units, under terms exempt from certain regulatory requirements due to the transaction size relative to the company’s market cap.
For further insights into TSE:RGC stock, check out TipRanks’ Stock Analysis page.