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The latest update is out from West Oak Gold Corp. ( (TSE:SI) ).
Silicon Metals Corp. announced the closing of an initial tranche of its non-brokered private placement, raising $320,000 through the issuance of 6,400,000 common shares at $0.05 per share. The proceeds will be used for exploration advancements at its British Columbia properties and general working capital. The issuance includes finder’s warrants and is subject to a statutory hold period. This move supports the company’s exploration focus and strengthens its financial position for ongoing projects.
More about West Oak Gold Corp.
Silicon Metals Corp. is a company focused on exploration in western Canada, specifically in British Columbia. It holds full rights to several silica projects, including the Ptarmigan Silica Project, Silica Ridge Silica Project, and the Longworth Silica Project. The company is also exploring the Hedge Hog Project in the Caribou Mining Division. Silicon Metals Corp. is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and the OTC market in the United States.
YTD Price Performance: -25.00%
Average Trading Volume: 33,969
Technical Sentiment Signal: Buy
Current Market Cap: C$1.17M
Learn more about SI stock on TipRanks’ Stock Analysis page.