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The latest announcement is out from Sherpa II Holdings Corp. ( (TSE:SHRP) ).
Sherpa II Holdings Corp. has successfully closed a non-brokered private placement, raising $623,737, exceeding the initially anticipated $500,000 due to increased investor interest. The proceeds will be used for Canadian exploration expenses related to the Bakar Property and for working capital, with the offering subject to final approval from the TSX Venture Exchange. This financing move positions Sherpa to further its exploration activities and potentially enhance its market standing in the mineral exploration sector.
More about Sherpa II Holdings Corp.
Sherpa II Holdings Corp. is a Canadian junior mineral exploration company focused on acquiring a 100% interest in the Bakar Property located on northern Vancouver Island, British Columbia. The company is involved in mineral exploration and aims to expand its holdings in the Bakar Property, subject to regulatory approvals and completion of financing.
Average Trading Volume: 13,108
Technical Sentiment Signal: Buy
Current Market Cap: C$3.81M
See more insights into SHRP stock on TipRanks’ Stock Analysis page.