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West Oak Gold Corp. ( (TSE:SI) ) has provided an update.
Silicon Metals Corp. has announced a non-brokered private placement offering of up to 19 million shares at $0.05 per share, aiming to raise up to $950,000. The proceeds will be used for advancing its projects in British Columbia and for general working capital, subject to Canadian Securities Exchange approval. This move is expected to bolster the company’s operational capabilities and strengthen its position in the exploration industry.
More about West Oak Gold Corp.
Silicon Metals Corp. is a company focused on exploration in western Canada, particularly in British Columbia. It holds a 100% interest in the Ptarmigan Silica Project, Silica Ridge Silica Project, and Longworth Silica Project, and has an option to explore the Hedge Hog Project.
YTD Price Performance: -25.00%
Average Trading Volume: 54,461
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.17M
Find detailed analytics on SI stock on TipRanks’ Stock Analysis page.