True North Gems (TSE:TGX) has released an update.
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True North Gems Inc. is gearing up for a company transformation with a share consolidation and a name change to TGX Energy & Resources Inc. They also plan to raise up to $1.5 million through a modified placement of shares and warrants. The funds raised are intended for debt retirement, potential resource acquisitions, exploration expenditures, and general working capital.
For further insights into TSE:TGX stock, check out TipRanks’ Stock Analysis page.