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MLK Gold Ltd. ( (TSE:TONE) ) has issued an update.
Triple One Metals Inc. has concluded a financing round, raising over $255,000 through the issuance of 23,189,087 common shares. The funds will be used to settle debts and for working capital, with no finder’s fees involved in the transaction. The financing included a ‘related party transaction’ involving company insiders and followed securities laws for share issuance. Concurrently, the company announced the resignation of Director and CFO William Fleming, with COO Paul K. Smith stepping into the CFO role and CEO A. Paul Gill being appointed as Chair of the Board.
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, leveraging its projects in Newfoundland and Quebec to become a financially sound mining entity.
YTD Price Performance: 200.0%
Average Trading Volume: 39,079
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.42M
For an in-depth examination of TONE stock, go to TipRanks’ Stock Analysis page.