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San Lorenzo Gold Corp ( (TSE:SLG) ) just unveiled an announcement.
San Lorenzo Gold Corp has entered into an advisory engagement with Argonaut Corporate Finance Limited, a leading Australian investment firm in natural resources, to serve as its strategic financial advisor. This partnership aims to enhance exploration efforts on San Lorenzo’s properties, particularly the Salvadora Gold/Copper project. Additionally, San Lorenzo plans a non-brokered private placement to raise up to $4 million, with Argonaut Group as a cornerstone investor, to fund exploration and general working capital. This move is expected to strengthen San Lorenzo’s financial position and exploration capabilities, potentially impacting its market presence and stakeholder interests positively.
More about San Lorenzo Gold Corp
San Lorenzo Gold Corp is a company operating in the natural resources sector, focusing on gold and copper exploration projects. Its primary market focus is on its flagship Salvadora property located in the mega-porphyry belt of northern Chile, along with other properties like Punta Alta and Nancagua in Chile.
Average Trading Volume: 133,633
Technical Sentiment Signal: Buy
Current Market Cap: C$59.32M
For an in-depth examination of SLG stock, go to TipRanks’ Overview page.