TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Sendero Resources Corp. ( (TSE:SEND) ) has issued an update.
Sendero Resources Corp. has successfully completed a $4.06 million brokered financing through a private placement offering, which will bolster its financial position and support its exploration efforts at the Peñas Negras project. The financing, led by Stifel Nicolaus Canada Inc., saw increased investment from notable figures in the industry, highlighting confidence in Sendero’s long-term strategy and project potential. The company plans to use the proceeds for exploration and general corporate purposes, with the offering subject to final approval from the TSX Venture Exchange.
More about Sendero Resources Corp.
Sendero Resources Corp. is a company focused on copper-gold exploration at its 100% owned Peñas Negras Project in the Vicuña Belt in Argentina. The project area is strategically located near other significant mining operations and has identified multiple porphyry and high-sulfidation epithermal targets. The company also holds an option to earn a 100% interest in additional mining concessions, expanding its total project area.
Average Trading Volume: 49,137
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$16.38M
See more insights into SEND stock on TipRanks’ Stock Analysis page.