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Temas Resources ( (TSE:TMAS) ) has shared an update.
Temas Resources Corp. has successfully closed a non-brokered private placement, raising $525,500.25 through the sale of 7,006,669 units. This offering was oversubscribed, leading to an increase in the aggregate financing size. Each unit includes one common share and one warrant, with the proceeds intended for general working capital and marketing. The participation of director S. Kyler Hardy, who acquired 4,000,002 units, is a related party transaction but is exempt from certain regulatory requirements. Hardy’s ownership now represents 20.34% of the company’s issued shares on a non-diluted basis, highlighting his significant stake in the company.
More about Temas Resources
Temas Resources Corp. operates in the resource sector, focusing on the acquisition and development of mineral properties. The company is listed on the Canadian Securities Exchange and the OTCQB market.
YTD Price Performance: 14.00%
Average Trading Volume: 16,086
Technical Sentiment Signal: Buy
Current Market Cap: $1.68M
Find detailed analytics on TMAS stock on TipRanks’ Stock Analysis page.