True North Gems (TSE:TGX) has released an update.
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True North Gems Inc. has announced a share consolidation and a name change to True North Resources Inc., alongside a financing placement aiming to raise between $1,000,000 and $1,500,000 through the sale of units at $0.06. The funds raised will be directed towards debt retirement, potential resource acquisitions, exploration expenditures, and general working capital.
For further insights into TSE:TGX stock, check out TipRanks’ Stock Analysis page.