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MLK Gold Ltd. ( (TSE:TONE) ) has shared an announcement.
Triple One Metals Inc., a company listed on the Canadian Securities Exchange, has successfully closed a financing round, raising $500,000 through the issuance of 40,816,327 common shares at $0.01225 per share. The proceeds from this financing will be used to pay certain debts and for working capital. An insider of the company participated in this financing, which constitutes a related party transaction but is exempt from certain regulatory requirements due to the transaction’s size relative to the company’s market capitalization.
More about MLK Gold Ltd.
Average Trading Volume: 47,638
Technical Sentiment Signal: Buy
Current Market Cap: C$1.14M
Learn more about TONE stock on TipRanks’ Stock Analysis page.