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West Oak Gold Corp. ( (TSE:SI) ) has issued an announcement.
Silicon Metals Corp. has announced plans for a flow-through private placement of up to 3,000,000 flow-through common shares at $0.065 per share to raise as much as $195,000. The company intends to use the proceeds to fund eligible exploration expenditures across its silica and quartz projects in British Columbia and Ontario, with the new securities subject to a four-month-plus-one-day hold period and potential finders’ fees payable under Canadian Securities Exchange policies, underscoring its strategy to advance its Canadian exploration portfolio while leveraging flow-through financing structures.
More about West Oak Gold Corp.
Silicon Metals Corp. is a Canadian exploration and development company focused on high-purity quartz and silica projects in British Columbia and Ontario. Its asset portfolio includes the Maple Birch high-purity quartz pegmatite project near Sudbury with a 3,000 tonne per year production permit, as well as 100% interests in the Crystal Hills, Ptarmigan Silica, Silica Ridge Silica and Longworth Silica projects, all at various exploration and early development stages.
Average Trading Volume: 171,514
Technical Sentiment Signal: Sell
Current Market Cap: C$2.79M
For a thorough assessment of SI stock, go to TipRanks’ Stock Analysis page.