Troubadour Resources Secures Funding for Exploration

Troubadour Resources (TSE:TR) has released an update.

Troubadour Resources Inc. has successfully closed the first tranche of its aimed $2 million private placement, securing $903,999.60 through the sale of over 4.3 million shares. The financing, which offers shares at $0.21 each, will fund further exploration of the company’s mineral properties. Finders received broker warrants as a part of the deal, with the entire offering subject to a statutory hold period.

For further insights into TSE:TR stock, check out TipRanks’ Stock Analysis page.