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Silver Grail Resources Announces Private Placement and Exploration Update

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Silver Grail Resources Announces Private Placement and Exploration Update

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Silver Grail Resources ( (TSE:SVG) ) just unveiled an announcement.

Silver Grail Resources Ltd. has announced a non-brokered private placement to raise up to $575,000 through the issuance of 2,500,000 units, each consisting of one common share and a warrant. The proceeds will fund exploration activities at the Ram property and other sites in the Golden Triangle. The company has completed drilling at the Ram property and is awaiting assay results. A new mineral showing was discovered during the final days of drilling, potentially enhancing the company’s exploration prospects.

More about Silver Grail Resources

Silver Grail Resources Ltd. is a junior exploration company with a large portfolio of properties in the southern portion of the Golden Triangle region of British Columbia. Its legacy properties, some over thirty years old, form significant holdings within the area dominated by Goliath Resources.

Average Trading Volume: 85,784

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$8.42M

Learn more about SVG stock on TipRanks’ Stock Analysis page.

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