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Sylla Gold Corp ( (TSE:SYG) ) has shared an announcement.
Sylla Gold Corp plans to raise up to $2.3 million through a non-brokered private placement of up to 46 million units priced at $0.05 each, with each unit comprising one common share and a two-year warrant exercisable at the same price. The net proceeds will support renewal of the flagship Deguefarakole licence, approval of associated work programs, and the exercise of option agreements on the remaining three licences at Niaouleni, effectively consolidating the land package and strengthening Sylla’s strategic position in a key Malian gold belt; the financing is subject to TSX Venture Exchange and other regulatory approvals, with all securities subject to a standard four-month-plus-one-day hold period.
More about Sylla Gold Corp
Sylla Gold Corp is a gold exploration company focused on advancing its Niaouleni Gold Project in the Koulikoro Region of southwest Mali, a well-endowed gold belt near several advanced-stage deposits and development projects. The company’s primary activities center on exploration, permitting, and consolidation of licences within this highly prospective land package to unlock district-scale potential.
Average Trading Volume: 91,357
Technical Sentiment Signal: Buy
Current Market Cap: C$4.4M
Learn more about SYG stock on TipRanks’ Stock Analysis page.