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The latest announcement is out from Silver Grail Resources ( (TSE:SVG) ).
Silver Grail Resources Ltd. has announced an upsizing of its non-brokered private placement due to strong demand, increasing the offering to 5,000,000 units at $0.23 per unit for gross proceeds of up to $1,150,000, pending TSX Venture Exchange approval. The proceeds will be used for exploration of the Ram property and other mineral properties in the Golden Triangle, as well as for general corporate purposes. The participation of insiders in the offering is considered a related party transaction but is exempt from certain regulatory requirements. This move reflects the company’s strategic focus on expanding its exploration activities and strengthening its financial position.
More about Silver Grail Resources
Silver Grail Resources Ltd. is a junior exploration company with a significant portfolio of properties in the southern portion of the Golden Triangle region of British Columbia. The company’s legacy properties, some over thirty years old, are situated within the extensive claim holdings of Goliath Resources in this area.
Average Trading Volume: 83,832
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$8.97M
Find detailed analytics on SVG stock on TipRanks’ Stock Analysis page.