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Showcase Minerals Inc ( (TSE:SHOW) ) just unveiled an announcement.
Showcase Minerals Inc. has acquired a 100% interest in seven mineral claims totaling 1,535.10 hectares in British Columbia’s Golden Triangle, expanding its Grassy and Premier East Gold Projects located just east of the historic Premier Gold Mine near Stewart. The vendor was paid in 5,000,000 common shares subject to a standard hold period, consolidating Showcase’s exploration footprint in a prolific gold-producing district. In tandem, the company closed a $210,000 private placement through the issuance of 3,000,000 units at $0.07, each comprising a share and a three-year warrant at $0.10, with a finder’s fee paid in cash and warrants to Research Capital Corp. Proceeds will be directed to debt repayment and general working capital, modestly strengthening Showcase’s balance sheet as it advances its early-stage precious metals exploration strategy.
More about Showcase Minerals Inc
Showcase Minerals Inc. is a mineral exploration company focused on the identification, evaluation, acquisition and exploration of precious metals properties.
Average Trading Volume: 20,088
Technical Sentiment Signal: Sell
Current Market Cap: C$3.24M
Find detailed analytics on SHOW stock on TipRanks’ Stock Analysis page.