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Kainantu Resources Ltd ( (TSE:SPMC) ) has issued an announcement.
South Pacific Metals Corp has upsized its non-brokered private placement offering from $4 million to $6.3 million due to increased investor interest. The funds will be used for exploration in Papua New Guinea and general administrative purposes, highlighting strong market confidence and strategic focus on expanding its operational capabilities.
More about Kainantu Resources Ltd
South Pacific Metals Corp is an emerging gold-copper exploration company operating in Papua New Guinea, holding a significant 3,100 km² land package. Their projects are strategically located near major producers, emphasizing rigorous exploration to drive discovery across their portfolio.
YTD Price Performance: 22.22%
Average Trading Volume: 32,449
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$21.3M
Find detailed analytics on SPMC stock on TipRanks’ Stock Analysis page.