Sylla Gold Corp Finalizes Funding, Halts Acquisition Plans

Sylla Gold Corp (TSE:SYG) has released an update.

Sylla Gold Corp successfully completed a non-brokered private placement, raising $160,000 by issuing 3.2 million units at $0.05 each, accompanied by warrants. These funds are earmarked for general corporate purposes and working capital. However, the company has decided not to proceed with the previously considered acquisition of Namibian exploration licenses.

For further insights into TSE:SYG stock, check out TipRanks’ Stock Analysis page.