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Tombill Mines Ltd. ( (TSE:TBLL) ) has issued an announcement.
Tombill Mines Ltd. has successfully closed a non-brokered private placement, raising $420,000 through the issuance of 42,000,000 units, each consisting of a common share and a warrant. The proceeds will be used for working capital and field work, particularly on the Geraldton property, with insiders subscribing for all units, marking a significant related party transaction.
More about Tombill Mines Ltd.
Tombill Mines Ltd. operates in the mining industry, focusing on exploration and development of mineral properties. The company is primarily engaged in the extraction and production of precious metals, with a particular emphasis on gold mining activities.
Average Trading Volume: 95,633
Technical Sentiment Signal: Hold
Current Market Cap: C$3.32M
For detailed information about TBLL stock, go to TipRanks’ Stock Analysis page.