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MLK Gold Ltd. ( (TSE:TONE) ) has issued an announcement.
Triple One Metals Inc. has announced a financing round, raising $255,079.95 by issuing over 23 million common shares at $0.011 per share. The proceeds will be used to pay off debts and for working capital. The transaction includes a related party transaction involving two company insiders purchasing a significant number of shares, although it is exempt from certain regulatory requirements. The issuance of shares is subject to Canadian Securities Exchange approval, and no material changes requiring disclosure have occurred in the company.
More about MLK Gold Ltd.
Triple One Metals Inc., formerly known as MLK Gold Ltd., is a resource exploration company based in Atlantic Canada. Founded in 2018, the company focuses on gold and strategic metals, with a portfolio of projects in Newfoundland. It aims to leverage the province’s status as a top mining jurisdiction to become a leading gold and critical metal-mining company.
YTD Price Performance: 0%
Average Trading Volume: 65,329
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$472K
For a thorough assessment of TONE stock, go to TipRanks’ Stock Analysis page.
