Saville Resources (TSE:SRE) has released an update.
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Saville Resources Inc. has successfully completed an upsized private placement, raising $1,040,250 through the issue of over 20 million units at $0.05 each. These units include a common share and a half warrant, with full warrants exercisable at $0.075 per share for one year. The company plans to allocate the proceeds for general corporate and working capital needs, pending approval from the TSX Venture Exchange.
For further insights into TSE:SRE stock, check out TipRanks’ Stock Analysis page.